MIRA INFORM REPORT

 

 

 

Report Date :

01.09.2008

 

IDENTIFICATION DETAILS

 

Name :

GOEL SCIENTIFIC GLASS WORKS PRIVATE LIMITED

 

 

Registered Office :

C-31/1, Sardar Estate, Ajwa Road, Vadodara – 390 019, Gujarat.

 

 

Country :

India

 

 

Financials (as on) :

31.03.2007

 

 

Date of Incorporation :

8th December 1998

 

 

Com. Reg. No.:

04-35087

 

 

CIN No.:

[Company Identification No.]

U26109GJ1998PTC035087

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

BRDG00259A

 

 

PAN No.:

[Permanent Account No.]

AAACG8590N

 

 

Legal Form :

Private limited liability company.

 

 

Line of Business :

Subject is engaged in manufacturing and dealing of Scientific and Laboratory Glassware for use in Chemical, Pharmaceutical Companies and also Borosilicate Flask, Heat Exchanger and Pipeline Components.

 

Subject is also engaged as manufacturer of Industrial Glass Equipments and Laboratory Glassware.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

Ba

 

RATING

STATUS

PROPOSED CREDIT LINE

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

Satisfactory

 

Maximum Credit Limit :

USD 80005

 

 

Status :

Satisfactory

 

 

Payment Behaviour :

Slow but Correct

 

 

Litigation :

Clear

 

 

Comments :

Subject is a well-established company having satisfactory track records. Directors are reported as experienced, respectable and having satisfactory track records. Their trade relations are reported as fair.   Financial position is satisfactory.   Payments are reported as slow but correct.

 

The company can be considered normal for business dealings at usual trade terms and conditions.

 

 

INFORMATION PARTED BY

 

Name :

Mr. Anil Goswami

Designation :

Sr. Manager in Account

Contact No.:

91-9327684421

Date :

27.08.2008

 

 

LOCATIONS

 

Registered Office/

Head Office :

C-31/1, Sardar Estate, Ajwa Road, Vadodara – 390 019, Gujarat, India

Tel. No.:

91-265-2561595/3291356/2574883

Fax No.:

91-265-2561482/2511428

E-Mail :

sales@goelscientific.com

info@goelscientific.com

accounts@goalscientific.com

hhg@goelscientific.com

Website :

http://www.goelscientific.com

Area :

4500 sq. ft.

Location :

Owned

 

 

Overseas Office :

Europe Mr. Ash Bhayana4, Chartsworth Road, Hayes, London UB4 9ES

Tel. No.:

44-2035722720

Mobile  No.:

44-7951956797

E-Mail :

salesUK@goeoscientific.com

Website :

http://www.goelscientific.com

 

 

Factory 1 :

D-5/A, Sardar Estate, Ajwa Road, Vadodara – 390 019, Gujarat

Area :

4500 sq. ft.

Location :

Leased

 

 

Factory 2 :

D-35/C, Sardar Estate, Ajwa Road, Vadodara – 390 019, Gujarat, India.

Area :

5000 sq. ft.

Location :

Leased

 

 

Branch 1 :

6, Jagdish Bhavan No. 2, 2nd Floor, Koldongri, Sahar Road, Andheri (East), Mumbai – 400 069, Maharashtra, India

Tel. No.:

91-22-26823455

Fax No.:

91-22-26844704

E-Mail :

geolproc_bom@vsnl.net

 

 

Branch 2 :

A 106, 1st Floor, Chamunda Heritage, BH Jivan Vikas Hospital, Sahar Road, Kol Dongari, Mumbai – 60

Tel No.:

91-22-26844704 (Mr. J.N. Barucha)

 

 

DIRECTORS

 

Name :

Mr. Hemant Haricharan Goel

Designation :

Chairman

Address :

301, Heritage – III, Near EME Temple, Sama Road, Vadodara – 390 008, Gujarat

Date of Birth/Age :

18.07.1952

Qualification :

HSC

Date of Appointment :

08.12.1998

 

 

Name :

Mrs. Sunita Hemant Goel

Designation :

Director

Address :

201 Heritage – III, Near EME Temple, Sama Road, Vadodara – 390 008, Gujarat

Date of Appointment :

01/01/2005

 

 

Name :

Mr. Anshul Hemant Goal

Designation :

Director

Address :

101, Heritage lll, Shuklanagar Society, New Sama Road, Vadodara – 390008, Gujarat, India.

Date of Birth/Age :

29.11.1980

Qualification :

Diploma in Electronics 

Date of Appointment :

15.12.2006

 

 

KEY EXECUTIVES

 

Name :

Daryani Naresh and Associates

Designation :

Company Secretary

Address :

309 A, Corner Point, Behind Hotel Express, Alkapuri, Baroda – 390007, Gujarat, India.

 

 

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

 

AS ON 29.09.2007

 

Names of Shareholders

 

No. of Shares

Mr. Hemant R. Goel – CMD

 

267000

Mrs. Babita K. Goel –Director

 

20600

Mrs. Sunita H. Goel

 

40000

Goel and Jain Technochem Private Limited

 

10

Shanblal Maneklal Shah

 

10

Hiralal Keshavlal Shah

 

10

Kanchanlal Chhotalal Shah

 

10

Manjulaben Hasmukhlal Patel

 

10

Amitendu Gupta

 

10

Anil Pyarelal Garg

 

10

Arvind Ramabhai Gohil

 

10

Sanjay Babulal Bhavsar

 

10

Chatanya Ganpatrav Bharekar

 

10

Chandrakant Sahyabhai Shah

 

10

Ketan Devendra Shah

 

10

Niteshkumar Chunibhai Waghela

 

10

Nikhelenduray Subir Chaudhary

 

10

Alpaben Pravenbhai Patel

 

10

Ramesh Jayantibhai Macchi

 

10

Suresh Chandubhai Macchi

 

10

Mariyana Samuel

 

10

Nayan D. Shah

 

10

Sanjay R Shah

 

10

Nova Leasing private Limited

 

10

Savitridevi H. Goel

 

80000

Suchitra G. Shah

 

37000

Ritesh K Bansal

 

20000

Priteshkumar A Patel

 

10

Hamanbhai M. Patel

 

10

Anilaben A Methiya

 

10

Kumudechnra B. Pandya

 

10

Smt. Mamtaben S. Patel

 

10

Anuraben S. Biswas

 

10

Gopal R. Shah

 

20010

Jitendra A Patel

 

10

Shukla A Gupta

 

10

Pannaben V. Shah

 

10

Tarlika P. Shah

 

10

Kamal H Goel

 

10

Asha Gulati

 

10

Dhamendra R Patel

 

10

Thakor H Patel

 

10

Rajendra M. Parmar

 

10

Ramesh J Patel

 

10

Maganbhai B. Patel

 

10

Gajendrakumar Jain

 

10

Vinita Tayal

 

15000

Total

 

500000

 

 

 

 

 

AS ON 29.09.2007

 

Equity Share Breakup

 

Percentage of Holding

Category

 

 

Directors or relatives of directors

 

100.00

 

 

BUSINESS DETAILS

 

Line of Business :

Subject is engaged in manufacturing and dealing of Scientific and Laboratory Glassware for use in Chemical, Pharmaceutical Companies and also Borosilicate Flask, Heat Exchanger and Pipeline Components.

 

Subject is also engaged as manufacturer of Industrial Glass Equipments and Laboratory Glassware.

 

 

Products :

Product Description

ITC Code No.

Scientific Glass Equipments

7012.10

Laboratory Glass items

7015.00

 

 

Exports :

 

Countries :

USA, UK, Germany, Italy, Africa, Israel, Middle East, Bangladesh, Korea, Singapore, Hong Kong, China, South Africa, Russia etc

 

 

Imports :

 

Countries :

China and Germany

 

 

Terms :

 

Selling :

L/C and Credit

 

 

Purchasing :

L/C and Credit

 

PRODUCTION STATUS

 

Class of Goods

Unit

Installed Capacity

Industrial Glass Equipment

Millions

50.000

Laboratory Glassware

Millions

100.000

 

 

GENERAL INFORMATION

 

Suppliers :

·       Hindustan Salt Limited

·       Akshar Acetylene Limited

·       Appolo Chemtek Limited

·       Darshan Corporation

·       Cadila Healthcare Limited

·       Alpha Enterprises

·       Monax Glass Limited

·       Symbiotec Steroids Private Limited

·       Tonira Pharma Limited

·       Sensewell Instruments Private Limited

·       Boro Glass Linuo Imports and Exports Company Limited

·       Agro Electronic Industry

·       G B Exim Private Limited

·       Himanshu Moulds and Dies

·       Goel Process Systems Private Limited

·       Jinan Hualin International Trade Co Limited

 

 

Customers :

·       Bio Labs Limited

·       Adima Organics (India) Private Limited

·       Cadila Pharmaceuticals Limited

·       E-Merch India Limited

·       Hindustan Lever Limited

·       K. Pharmaceuticals Limited

·       Narmada Chemature Products India Limited

·       N. R. Enterprises

·       Cipla Limited

·       Vita Life Labs

·       Noble Glass Works Private Limited

·       Shipa Organics Private Limited

·       Shree Benzo Ferro Industries Limited

·       Shree Chem Global

·       Spic

·       Tensil Glass Works, Bangalore

·       Victory Products

·       Dorf Ketal Chemicals India Private Limited

·       Emirates Gold LLC

·       Agro Cool India Limited

·       Global Optical Private Limited

·       Premier Devices Private Limited

·       Meditech Chem Private Limited

·       Sachee Fragrances and Chemicals Limited

 

 

No. of Employees :

200

 

 

Bankers :
  • Union Bank of India

M. G. Road Branch, M. G. Road, Baroda – 390 001, Gujarat

Tele No. 91-265-2415895 / 2424769

 

  • State Bank of India
  • HDFC Bank Limited

 

 

Facilities :

Secured Loan 

(Rs in millions)

Cash Credit with Union Bank of India

(Secured against stock book debts and all the fixed assets of the company and jointly guaranteed by the directors)

13.153

Term Loan with Union Bank of India

(Secured against Mortgage of plant and machinery and all the fixed assets of the company and jointly guaranteed by the directors)

0.588

Bank overdraft with Union Bank of India

(Secured against Fixed deposits of the company with the Bank)

0.000

Car Loan with Ford Credit kotak Mahindra Limited (Secured against Motor car – Ford Icon)

0.231

Car Loan A/c No. 9030603 with ABN Amro bank Limited

(Secured against Motor car – Maruti car)

0.031

Car Loan A/c No. 9032050 with ABN Amro bank Limited

(Secured against Motor car – Maruti car)

0.000

Car Loan with Maruti Countrywide

 (Secured against Motor car – Maruti car)

0.198

Car loan with ICICI Bank Loan

(Secured against hypothecation of Motor car)

0.170

CC limit (Union Bank of India)

20.000

 

 

 

 

Banking Relations :

Satisfactory

 

 

Financial Institution :

SBI Factor and Commercial Service Private Limited 

Address :

61, Sakhar Bhavan, 6th Floornariman Point, Mumbai – 400021, Maharashtra, India.

 

 

Auditors :

 

Name :

R. C. Thakkar and Associates

Chartered Accountants

Address :

432, Paradise Complex,

Near Kala Ghoda,

Sayajigunj, Baroda – 390 005, Gujarat, India.

Tel. No.:

91-265-2362255 (O)

91-265-2484196 (R)

Fax No.:

91-265-2363455

E-Mail :

recta@reiffmail.com

 

 

Subsidiaries:

Goel Process Systems Private Limited

-Trading of Laboratory Glass Ware and Industrial Glass Equipments.

 

 

 

Associates :

·       Goel Glass Engineering – D10, Sardar Estate, ajwa Road, Baroda.

·       Goel Scientific Glass Works

·       Goel and Jain Technochem Private Limited

·       Goel Scientific Works Private Limited

·       Globe Scientific Glass Industries

·       Ablaze Glass Works Private Limited

·       Arise Scientific Works

·       Noble Scientific Company, Vapi, Gujarat, India

·       Pioneer Scientific Glass Works

·       Super Scientific Works Private Limited

·       Vikram Scientific Glass Works

·       G B Escim Private Limited

 

 

CAPITAL STRUCTURE

 

AS ON 29.09.2007

 

Authorised Capital :

 

No. of Shares

Type

Value

Amount

500000

Equity Shares

Rs. 10/- each

Rs. 5.000 millions

 

Issued, Subscribed & Paid-up Capital :

 

No. of Shares

Type

Value

Amount

500000

Equity Shares

Rs. 10/- each

Rs. 5.000 millions

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

 

ABRIDGED BALANCE SHEET

 

SOURCES OF FUNDS

 

31.03.2007

31.03.2006

31.03.2005

SHAREHOLDERS FUNDS

 

 

 

1] Share Capital

5.000

4.500

4.500

2] Share Application Money

0.000

0.000

0.000

3] Reserves & Surplus

11.001

8.999

7.628

4] (Accumulated Losses)

0.000

0.000

0.000

NETWORTH

16.001

13.499

12.128

LOAN FUNDS

 

 

 

1] Secured Loans

15.427

16.777

14.372

2] Unsecured Loans

13.899

11.560

10.044

TOTAL BORROWING

29.326

28.337

24.416

DEFERRED TAX LIABILITIES

0.264

0.211

0.341

 

 

 

 

TOTAL

45.591

42.048

36.885

 

 

 

 

APPLICATION OF FUNDS

 

 

 

 

 

 

 

FIXED ASSETS [Net Block]

14.613

15.151

7.979

Capital work-in-progress

0.000

0.000

0.000

 

 

 

 

INVESTMENT

0.095

0.095

0.006

DEFERREX TAX ASSETS

0.000

0.000

0.000

 

 

 

 

CURRENT ASSETS, LOANS & ADVANCES

 

 

 

 

Inventories
24.423

27.097
25.345

 

Sundry Debtors
24.907

9.180
15.232

 

Cash & Bank Balances
4.025

1.902
2.116

 

Other Current Assets
0.000

0.000
0.000

 

Loans & Advances
6.747

3.315
2.967

Total Current Assets
60.102

41.494

45.660

Less : CURRENT LIABILITIES & PROVISIONS
 

 

 

 

Current Liabilities
28.491

13.808
15.990

 

Provisions
0.728

0.884
0.770

Total Current Liabilities
29.219

14.692

16.760

Net Current Assets
30.882

26.801
28.900

 

 

 

 

MISCELLANEOUS EXPENSES

0.000

0.000

0.000

 

 

 

 

TOTAL

45.591

42.048

36.885

 

 

 

 

PROFIT & LOSS ACCOUNT

 

 

PARTICULARS

 

31.03.2007

31.03.2006

31.03.2005

Sales Turnover [including other income]

96.739

79.368

63.865

Total Income

96.739

79.368

63.865

 

 

 

 

Profit/(Loss) Before Tax

3.476

2.125

0.944

Provision for Taxation

1.200

0.754

0.481

Profit/(Loss) After Tax

2.276

1.371

0.463

 

 

 

 

Export Value

2.763

2.618

10.993

 

 

 

 

Import Value

1.121

1.486

NA

 

 

 

 

Expenditures :

 

 

 

 

Increase/(Decrease) in Finished Goods

1.823

0.374

NA

 

Other Expenditure

91.440

76.869

62.921

Total Expenditure

93.263

77.243

62.921

 

 

KEY RATIOS

 

PARTICULARS

 

 

31.03.2007

31.03.2006

31.03.2005

PAT / Total Income

(%)
2.35

1.73
0.72

 

 
 

 
 

Net Profit Margin

(PBT/Sales)

(%)
3.59

2.68
1.48

 

 
 

 
 

Return on Total Assets

(PBT/Total Assets}

(%)
4.65

3.75
1.76

 

 
 

 
 

Return on Investment (ROI)

(PBT/Networth)

 
0.22

0.16
0.08

 

 
 

 
 

Debt Equity Ratio

(Total Liability/Networth)

 
3.66

3.19
3.40

 

 
 

 
 

Current Ratio

(Current Asset/Current Liability)

 
2.06

2.82
2.72

 

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Note

The registered office of the company has been transferred from D-5/A, Sardar Estate, Ajwa Road, Baroda – 390 019, Gujarat, India to C-31/1, Sardar Estate, Ajwa Road, Vadodara – 390 019, Gujarat, India with effect from dated 18.10.2005

 

Trade Reference

 

·       Sunpharma

·       Hindustan Salts - Jaipur

 

Form No.8

 

This form is for

Modification of charge

Charge identification number of the modified 

90105902

Corporate identity number of the company

U26109GJ1998PTC035087

Name of the company

GOEL SCIENTIFIC GLASS WORKS PRIVATE LIMITED

Address of the registered office or of the principal place of  business in India of the company

D-31/1, Sardar Estate, Ajwa Road, Vadodara – 390 019, Gujarat, India.

Type of charge

Immovable Property

Particular of charge holder

Name :

Union Bank of India 

Address :

M. G. Road Branch, M. G. Road, Baroda – 390 001, Gujarat, India

Email :

CBSBARODAMGRD@BRDRO.unionbank.com

Nature of description of the instrument creating or modifying the charge

Memorandum of entry (Extension of mortgage) favoring Union Bank of India, M.G. Road Branch, Vadodara in respect of credit limits from the existing limit of Rs.26.310 Millions to Rs.31.762 Millions.  

Date of instrument Creating the charge

31.01.2008

Amount secured by the charge

Rs.31.762 Millions

Brief particulars of the principal terms an conditions and extent and operation of the charge

Rate of Interest

Cash Credit (w/w pc fdbp) – bplr + 0.75%; fudbo (under L/C or contracts) – 9.25%

Term loan – bplr + 1%

Import L/C (120 Days) – As per Bank Norms

Latter of guarantee – as per bank norms

 

Terms of Repayment

As per sanction letter

 

Margin

CC hyp W/W pc fdbp / fudbo (under L/C or contracts) – 25%

Term loan – 25%

Import L/C (120 Days) – 25%

Letter of guarantee – 1(LT – 2.000 Millions) – 25%

Letter of guarantee – 2 (LT – 6.500 Millions) – 30%

 

Extent and Operation of the charge

As per sanction letter

Short particulars of the property charged

Shed No.D35, C-1, Sardar Industrial Estate, Ajwa Road, Vadodara

Shed No.C-31/A, Sardar Industrial Estate, Ajwa Road, Vadodara

Shed No.D35/A, Sardar Industrial Estate, Ajwa Road, Vadodara

Date of latest modification prior to the present modification

30.10.2006

Particulars of the present modification 

Amount of Security by way of mortgage has been enhance from Rs.26.310 millions to Rs.31.762 millions. Immovable property for mortgage charged or added as per memorandum of entry (Extension of mortgage)  

 

 

Name of the company

GOEL SCIENTIFIC GLASS WORKS PRIVATE LIMITED

Presented By

GOEL SCIENTIFIC GLASS WORKS PRIVATE LIMITED

1) Date and description of instrument creating the change

09/05/2000 Agreement for Hypothecation of Assets for Cash credit facility executed in favour of Oriental Bank of Commerce Sayajigunj, Vadodara 

2) Amount secured by the charge/amount owing on the securities of charge

Rs. 2.000 millions

As under :

Cash Credit

Rs. 1.500  millions

Letter of Credit

Rs. 0.500 millions

Total

Rs. 2.000 millions

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

Hypothecation by way of first charge of stocks of raw materials, stocks in progress finished goods, stocks against letter of credit, all plant and machinery, merchandise vehicles and all type of movable assets. 

4) Gist of the terms and conditions and extent and operation of the charge.

The borrower shall not create any mortgage charge. Allen or encumbrance over the hypothecated assets

 

The  borrower shall not remove or cause or permit to be removed the hypothecation goods form the borrowers premises

 

Interest @ 3.51 % p.a. over the PLR of the Bank with a minimum of 15.31 % shall be calculated on the daily balance due to the bank on the said account and charged on quarterly rests or such other rate of interest as may be applicable

 

Goods to be kept in good. Repaired and insured condition

 

Right of inspection  of premises and submission of stock statements

 

Other terms and conditions more particularly described.  

5) Name and Address and description of the person entitled to the charge.

Oriental Bank of Commerce

Sayajigunj Branch,VSE, Bdg. Gr. Floor, Fortune Tower Sayajigunj, Vadodara-390005

6) Date  and brief description of instrument modifying the charge

Not Applicable

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.

Not Applicable

 

 

 

Web Details Attached

 

Dividend :

 

With a view to conserve the resources of the Company for future business requirements, the directors do not recommend declaration of any dividend.  

 

It is in trade terms with :-

 

·         Bio Labs Limited

·         Adima Organics (India) Private Limited

·         Cadila Pharmceuticals Limited

·         E-Merch India Limited

·         Hindustan Lever Limited

·         K. Pharmaceuticals Limited

·         Narmada Chemature Products India Limited

·         N. R. Enterprises

·         Cipla Limited

·         Vita Life Labs

·         Noble Glass Works Private Limited

·         Shipa Organics Private Limited

·         Shree Benzo Ferro Industries Limited

·         Shree Chem Global

·         Spic

·         Tensil Glass Works, Bangalore

·         Victory Products

 

The company is specialist in following Transparent :-

 

·         Piping Components

·         Container

·         Heat Exchanger

·         Mass and Control

·         Structure and Support

·         Typical Units

·         Valve

·         Mixer

·         Split Components

·         Couplings

·         Slight Glasses

·         Rieselfilm Sauger

·         Water Free HCL Gas

·         Truning Film Evaporator

 

The company’s fixed assets of important value include Computer Furniture and Fixtures, Office Equipments, Plant and Machinery, Motor Car and Scooter.

 

Product

 

·       Beakers

·       Bottles

·       Burettes

·       Condensers

·       Cylinders Desiccators

·       Dishes

·       Extracts

·       Flasks

·       Volumetric Flasks

·       Funnels

·       Gas Generators

·       Ground Joints

·       Jars

·       Kettles

·       Pipettes

·       Stopcocks  

·       Stoppers

·       Tubes

·       Adapter

·       Tubes Test

 

Industrial Glassware

·       Pipeline Component

·       Valves

·       Vessels

·       Stirrers

·       Heat Exchangers

·       Column Components

·       Measurement and Control

·       Couplings

·       Structure and Support

·       Slight Glass

·       Slandered Unit

·       Falling Film Absorber

·       Anygydrous HCL Gas Generator

·       Rotary Film Evaporators

·       Jumbo Rotary Film Evac 

 

Laboratory Glassware

·       Bottles

·       Care and Machinery

·       Technical Information

·       New Product Additions

·       Burettes

·       Cylinders

·       Dessiccators

·       Beakers

·       Dishes

·       Flasks

·       Volumetric Flasks

·       Funnels

·       Ground Joint

·       Extractors

·       Jars

·       Kettles

·       Pipettes

·       Stoppers and Adaptors

·       Tubes

·       Test Tubes

·       Micro Filter

·       Volumatricflask

 

 

ABLAZE GLASS WORKS PRIVATE LIMITED

 

It is leading manufacturer in Borosilicate Scientific glass equipments since year 1985.   Its products are mainly used in Chemical, Bulk Drug, Pharmaceutical, Agrochemical and Fince Chemical Industries all over India and in Foreign countries.

 

Managing Director :                              Mr. D. H. Goel

 

Laboratory works requires apparatus made in a Borosilicate 3.3 expansion glass which offers maximum inertness to widest range of chemical substances, withstand the normal laboratory handling, washing and sterilising processes.

 

Borosilicate glass represents unmatched standardised glass for construction of Laboratory Glasswares.   Its steadily growing use is due to many advantages over conventional materials.

 

·       Outstanding corrosion resistance

·       Smooth pore and surface

·       Transparency

·       Catalytic, inertness

·       No effect on taste and odour

·       Physiological inertness

 

Its standard products are:

 

1.                   Vessels, Bends, Tees, Valves etc. of all sizes up to 450 mm dia.

2.                   Pipe Sections, condensers etc. upto 450 mm dia.

3.                   Fractional reaction Cum Distillation units upto 10 to 200 litres capacity.

4.                   Distillation Unit on Glass lined Reactor

5.                   Condensers-Coil tyoe upto 450DN and Shell and Tube type upto 30M2 HTA.

6.                   Multi-purpose units 10 to 200 litres capacity

 

In addition to above regular products ranges are:

 

1.                   bromine recovery from sea bitten/industrial effluents

2.                   HCL generation Plant

3.                   Gas Scrubber units

4.                   Bio Reactor

 

OBJECTIVES

 

·       Customer Satisfaction

·       Built up of a good image in competitive market

·       Employees welfare

·       Recruitment of more professional people in every field/branch

·       Training of fresh/executive/employees of the company.

Subject is one of the leading glass equipment manufactre in the world, who has taken the glass industry in india, a long way as compared to what it was a few years back.

30 years ago, the scenario was such that only Laboratory scale glassware were being produced. Later on, Industrial glassware of similer size were introduced in the market. Even until 1984, the of equipments availabel were only upto 150 mm diameter. From 1984 onword, They started talking an initiative in moving the glass industry further. With the backing of RandD, They have been launching an entire range of glass equipments in the indian and global market. A few are as below.:

 

 

1989 :

Developed the unique XTRONG range of glass equipments, which possess a tightening strength as high as 3 times than earlier conventional ones and thus almost eliminated leakage and breakage problems while tightening. 

1990 :

Introduced Glass Shell and Tube Heat Exchanger in Indian market for the first time.

1994 :

Started "Process Plant Division" for the development of new products for catering to the needs of borosicilate glass equipments users. The process plant division is committed to the development of newer equipment tailor made to suit the user industry requirement.

1998 :

Started manufacturing Spherical Vessels from an entirely new technique first time in the country, placing them in line with other overseas manufactures of these size vessels. 

2000 :

Became the first ISO-9001 certified company in the " Industrial glass equipment manufacturing "segment in india.

2002 :

Successfully executed a single large export order of 640,000 multi-necked flasks of various capacities whithin a time of 8 months.

2003 :

Developed 300 Litre Spherical Vessel and participate in Achema 2003, Frankfurt, Germany.

2004 :

800 DN pipe section manufacture first time in india.

2005 :

Manufactured 500 Ltr. spherical vessel.

2006 :

Participated in Acheama 2006 for 2nd time and given a seminar on "Jumbo Rotary" at Frankfurt, Germany.

 

 

GENERAL INFORMATION

 

FAST AVAILABLE ITEMS

Items which are available faster are marked by * in the catalogue. Though it does not indicate any definate period of delivery, these items can be manufactured faster than the other items of its range. For example, Pipe section PS18/1000 can be supplied faster than any other pipe section of 450DN. This is because of following reasons:

 

REPAIRS

Though any damaged glass equipment can be repaired, mostly it is not economical to do so. Generally the repair which involves less than a third of its original work, is worth to carry out repairing. Repair work is costly because:

  1. It generally require greater skill than making a new one.
  2. Since it involves high risk of total breakage, the risk of total loss of time spent on its repairing goes alongwith.
  3. The work involved in receiving a damaged equipment, identifying it throughout the handling, cleaning it, estimating its repairing charges, re-estimating the repairing charges in case damage extends etc are relatively expensive.
  4. Each job require individual attention throughout the execution.

However, while sending an equipment for repairing, following care must be taken:

  1. Inform the nature of breakage and get an estimate of repairing charges in advance to avoid the loss of transportation expenses in case it is uneconomical to go for repairing.
  2. Since repairing takes longer time to fit into production schedules and completion of repairing is highly uncertain,it is generally suggested to arrange for a subsitute equipment to continue the work.
  3. Equipment to be repaired should be clean. Since it can be cleaned better and at less cost at owner's premises. It should be cleaned befor sending it for transportation. This also makes it safer to transport.
  4. Pack with extra care, since cracks in glass have a tendency to extend with every jerk.
  5. If Possible, send broken pieces alongwith it.
  6. Generally repairing work is accepted only for the equipment manufactured by them,and are repaired at owner's risk only.

DIMENSIONS, WEIGHTS AND SPECIFICATIONS

In this catalougue, dimensions, weights and other specificaions are taken more or less in accordance with Corning. This is to keep the flexibility of maximum interchange ability. However, some difference are unavoidable due to local manufacturing conditions. All the odd dimensions are rounded off.

All the dimensions and weights are approximate. The specifications given in the catalogue are intended to present a general description of the items. Since manufacturing of glass equipment involves all manual operations, certain tolerances are obvious and permissible while passing the items through quality control.

 

MODIFICATIONS

 

They reserve the right to carry out technical modifications of products and data mentioned in this catalogue as and when require.

 

STANDARDS PRACTICED

 

DIN ISO

3585

DIN ISO

3586

DIN ISO

3587

DIN ISO

4704

BSEN

1595

DIN ISO

718

 

XTRONG®Introduction

 

Tapered glass joints are predominantly used in industrial glass equipments. This design has a high ratio of radial to axial force, which frequently leads to breakage while tightening the flange joints.

 

A cylinder can withstand a much higher axial force than radial force plus glass has a very high compressive strength. They at GOEL recognized these features and by their innovative design practices developed XTRONG joints. The XTRONG joints are so designed that the harmful radial stresses are dramatically reduced . For a given axial force the radial forces are 14 times lesser than that in tapered joints.

XTRONG joints are parctically many times stronger then conventional tapered joints, As far as tightening of joints are concern, it is tested that a  XTRONG joint does not break even at a torque of 20Nm, as against tapered joints, which starts breaking at 6-7 Nm torque. At times it may happen that because of over tightening, a metal backing flange breaks or the threads of nut-bolts give way but XTRONG glass joint remains intact.

Most of the old glass installations in general contain equipments with tapered glass joints. XTRONG joints are fully compatible with these tapered joints i.e. an XTRONG equipment can replace another tapered equipment and vice versa in any existing unit. This interchangeability makes XTRONG design more adaptable in general conditions and change over cost is negligible

 

 

XTRONG® joints

XTRONG joints have been developed, to arrest the frequent breakage and leakage problems. The XTRONG joints are so designed that the harmful radial stresses are dramatically reduced. For a given axial force the radial forces are 14 times lesser than that in tapered joints.

In addition to reducing the stresses, the XTRONG joint has the following advantages :

The ovality of the glass flange, present due to manufacturing process, has virtually no effect because the backing flange isn't ind direct contact with the periphery

Continuous re-tightening of the backing flange or insert,due to bolting force and temperature effects,hence dismantling is easy. Also much smaller length threaded bolts are needed compared to the tapered joints.

The XTRONG joint is leak-tight at all design temperatures and pressure, even with temperature cycling and frequent plant start-up as it is possible to tighten the joints upto at tightening torque of 20 Nm as against 6-7 Nm tightning torque in tapered joints. In some cases the metal backing flange breaks but nothing happens to the glass components !

With so many benefits and particularly low breakage risk, they have adopted Xtrong design for all equipments manufactured by them. Xtrong is widely accepted and adopted by users as well as manufactures of Glass Equipments in India.

Technical Information

Borosilicate glass represents unmatched standardized glass for construction of plant and piping in the chemical, dyestuff, food pharmaceutical, petrochemical industries. Its steadily growing use is due to many advantages over conventional materials.

Borosilicate glass is chosen for its unique chemical and physical properties. Borosilicate glass can be considered as being composed of oxides. Silica (SiO2) Magnesia (MgO) and lead oxide (PbO) are the principle modifiers/fluxes.

The chemical and physical properties of any glass depends on a varying degree on chemical composition of glass.

CHEMICAL COMPOSITION

The composition of borosilicate glass used for chemical plants has following approximate composion

SiO2 - 80.6%

B2 O2 - 12.5%

Na2O - 4.2%

Al2O3 - 2.2%

 

 

RESISTANCE TO CHEMICAL

Borosilicate glass is inert to almost all materials except hydroflouric acid (HF) phosphoric acid((H3Po4) and hot strong caustic solutions. Of these Hydroflouric acid has the most serious effect, even when it is present in PPM (parts per million) in solutions. Where as phosphoric acid and caustic solutions cause no problems when cold but at elevatrd temprature corrosion occurs. in case of caustic solutions upto 30% concentration can be handled safely at ambient temperature.

Under actual operating conditions, the effect of turbulence, and traces of other chemicals in the solution may increase of decrease the rate of attack. So it is not possible to give exact figures for corrosion by caustic solutions.

THERMAL PROPERTIES

Linear coefficient of thermal expansion

The coefficient of thermal expansion of borosilicate glass over the temperature 0 - 300°C is 3.3 x 10-6/°C. This is very low when compared with other glasses and metals. That is why, borosilicate glass is often called low expansion borosilicate glass.

Specific heat

Specific heat between 25°C and 300°C is average to be 0.233Kcal/Kg, °C

Thermal Conductivity

Thermal conductivity is 1.0 Kcal/hr,m°C. Over the permissible operating temperature range.

ANNEALING

Annealing of glass is the process where the glass is heated and kept for a defined period of time to relive internal stresses. Careful cooling under controlled conditions is essential to ensure that no stresses are reintroduced by chilling/cooling.

RESHAPEING

In the given below are shown characteristic temperature at a determined viscosity, essential for glass reshap.

Lower cooling temperature

1024 poise

515°C

Upper cooling temperature

1013 poise

565°C

Softening point

107 poise

795°C

Reshapeing point

104 poise

120° C

MECHANICAL PROPERTIES

The lack of ductility of glass prevents the equalization of stresses at local irregularities or flaws and the breakage strength varies considerably about a mean value. This latter is found to occur at a tensile strength of about 700kg/cm2

In order to allow for the spread of breaking stress, a large factor of safely is applied when determining the wall thickness requirement to allow operation up to values given in the table of working pressure

 

 

OPTICAL PROPERTIES

Borosilicate glass show no appreciable absorption in the visible region of spectrum and therefore appears clear and clour less.

In photo chemical processes the transparency of ultra violet is of particular importance. It follows from the transmittance of material in uv region that photo chemical reactions such as chlorination and sulpho chlorination can be performed in it.

PERMISSIBLE OPERETING CONDITIONS

WORKING PRESSURE FOR GLASS PIPELINES VESSELS

The permissible internal operation pressure depends upon the nominal diameter of the glass components and on working temperature.

In case of unit with various combination like vessels, filters, heat exchangers, the over all permissible internal gauge pressure is always governed by the components with the lowest permissible operating gauge pressure. All components are suitable for full vaccume.

Bar is a mesure of absolute pressure. The figure given for maximum recommeded working pressure represent pressure above atmosperic.

WORKING TEMPERATURE

Borosilicate glass retains its mechanical strength and will deform only at temperature which approach its strain point. The practical upper limit for operating temperature is much lower and is controlled by the temperature differentials in the glass which depends on the relative temprature defferentials in the glass which depends on the relative temprature of the contens of the equipment and the external surroundings. Provided borosilicate glass is not subject to rapid change in temperature, creating undue thermal shock, it can be operated safety at temperatures up to 250 °C.

It must be realised that in complete plants, composed not only of borosilicate glass, but also includ other materials such as PTFE the recommended max. Operating temperature is 200°C. Operating temperatures may have to be modified so as to compensate for the effects of other factors such as pressure, thermal cycling, rapid heating cooling etc.

The degree of thermal shock (usually defined as sudden chilling or heating) which it can withstand depends on many factors such as stresses due to operating conditions, stresses imposed in supporting the equipment, the wall thickness of the glass. It is therefore undesirable to give sudden temperature changes. But up to 120 °C can be accomodated.

At sub-zero temperature, the tensile strength of borosilicate glass tends to increase and equipment can be used with safety at temperatures as low as -50 °C for XTRONG and components.

COMPOSITE MATERIAL

The last two decades have seen the new or further developments of particularly corrosion resistant plant construction materials. Typical examples of these are PTFE, tantalum, titaniu, graphite and of course, Borosilicate 3.3 glass.

The combination of different corrosion resistant materials with the utilization of the specific advantages of each permits both safe and economic construction.

BOROCILICATE GLASS/PTFE

Borosilicate glass with PTFE is of particularly decisive importance for construction of glass installation for example. In Seals, Bellows, Stirrers, Pumps, Heat exchangers, Columns Inserts etc.

PTFE is used with Glass because of its excellent mechanical and thermal properties. They have near universal fluid compability. Wear life when compared with others is very low. Particularly PTFE is maintenance free and have cryogenic stability with non wetting property.

Service temperature of PTFE is considered as - 50°C to +200°C

ELECTRICAL CHERETERISTICS

Glass being a poor electrical conductor, surface, conductivity is insignificant and varies with the quantity of water absorbed on glass surface. The specific conductivity is 10°ohm/cm at temperature of 200°C.
The dielectric coefficient varies with current frequency.

DENSITY

Density of glass at 20°C(J)=2.23g/cc

Modulus of elasticity (E)=6.3 KN/mm2

Poissions ratio=0.2

EXTRA PROTECTION OF GLASS COMPONENTS 'X BONDING'

X BONDING provide an added advantage of protection of standard glass components. The major advantage of X-Bonding systems is that if the glass is subject to accidental breakage, the bonded wrapping provides additional protection against the risk of injury, release of corrosive fluids or loss of expensive products.

X BONDING is a glass reinforced fibre coating which provide a higher level of protection on the glass components. This does have a slightly adverse effect on the transparency of the glass, making it translucent and not transparent.

PERMISSIBLE OPERATING TEMPERATURE:

The permissible operating temperature for X-Bonding is 130’ C unless limited by the individual operating temperature of the said component.

PERMISSIBLE OPERATING PRESSURE:

The permissible operating pressure for X Bonded components is same to that for standard glass components.

THERMAL SHOCK

Despite the thermal insulating effect of X Bonding, the thermal shock characteristics remain the same as standard glass component.

 

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.43.79

UK Pound

1

Rs.80.05

Euro

1

Rs.64.56

 

 

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions