1. Summary Information
|
|
|
Country |
India |
|
Company Name |
XYLEM WATER
SOLUTIONS INDIA PRIVATE LIMITED |
Principal Name 1 |
Mr. Venugopalakrishna Tangellapalli |
|
Status |
New Company |
Principal Name 2 |
Mr. Sameer Yamdagni |
|
|
|
Registration # |
04-065732 |
|
Street Address |
Plot No.731, Manjusar, GIDC, Savli Road, Savli – 391770, Gujarat,
India |
||
|
Established Date |
03.06.2011 |
SIC Code |
-- |
|
Telephone# |
Not Available |
Business Style 1 |
Manufacturer |
|
Fax # |
Not Available |
Business Style 2 |
Trader |
|
Homepage |
Product Name 1 |
Water Treatment Equipments |
|
|
# of employees |
50
(Approximately) |
Product Name 2 |
Testing Equipments |
|
Paid up capital |
Rs.563,500,000 |
Product Name 3 |
-- |
|
Shareholders |
Foreign holdings – 100% |
Banking |
Not Available |
|
Public Limited Corp. |
NO |
Business Period |
1 Years |
|
IPO |
NO |
International Ins. |
- |
|
Public |
NO |
Rating |
NB |
|
Related
Company |
|||
|
Relation
|
Country
|
Company
Name |
CEO |
|
-- |
-- |
-- |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
|
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
-- |
Current Liabilities |
-- |
|
Inventories |
-- |
Long-term Liabilities |
-- |
|
Fixed Assets |
-- |
Other Liabilities |
-- |
|
Deferred Assets |
-- |
Total Liabilities |
-- |
|
Invest& other Assets |
-- |
Retained Earnings |
-- |
|
|
|
Net Worth |
-- |
|
Total Assets |
-- |
Total Liab. & Equity |
-- |
|
Total Assets (Previous Year) |
-- |
|
|
|
P/L Statement as of |
|
(Unit: Indian Rs.) |
|
|
Sales |
-- |
Net Profit |
-- |
|
Sales(Previous yr) |
-- |
Net Profit(Prev.yr) |
-- |
MIRA
INFORM REPORT
|
Report Date : |
10.02.2012 |
IDENTIFICATION DETAILS
|
Name : |
XYLEM WATER SOLUTIONS INDIA PRIVATE LIMITED (w.e.f.08.09.2011) |
|
|
|
|
Formerly Known
As : |
FLYGT LOWARA INDUSTRIES INDIA PRIVATE LIMITED |
|
|
|
|
Registered
Office : |
Plot No.731, Manjusar, GIDC, Savli Road, Savli – 391770, Gujarat |
|
|
|
|
Country : |
|
|
|
|
|
Date of
Incorporation : |
03.06.2011 |
|
|
|
|
Com. Reg. No.: |
04-065732 |
|
|
|
|
Capital
Investment / Paid-up Capital : |
Rs.563.500 Millions |
|
|
|
|
CIN No.: [Company Identification
No.] |
U29120GJ2011FTC065732 |
|
|
|
|
TAN No.: [Tax Deduction &
Collection Account No.] |
BRDX00017D |
|
|
|
|
PAN No.: [Permanent Account No.] |
AABCF7487Q |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business
: |
Manufacturer and Trader of Water Treatment and Testing Equipments |
|
|
|
|
No. of Employees
: |
50 (Approximately) |
RATING & COMMENTS
|
MIRA’s Rating : |
NB |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
- |
NB |
New Business |
- |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
Unknown |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company and yet to complete its one full year of operation.
Business is active. Payments are unknown. The company can be considered for business dealings on a safe and
secured trade terms and conditions. |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – September 30, 2011
|
Country Name |
Previous Rating (30.06.2011) |
Current Rating (30.09.2011) |
|
|
A1 |
A1 |
|
Risk Category |
ECGC Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
INFORMATION PARTED BY
|
Name : |
Mr. Siddharth |
|
Designation : |
Assistant Manager |
|
Contact No.: |
91-2667-265800 |
|
Date : |
08.02.2012 |
LOCATIONS
|
Registered Office : |
Plot No.731, Manjusar, GIDC, Savli Road, Savli – 391770, Gujarat,
India |
|
Tel. No.: |
Not Available |
|
Fax No.: |
Not Available |
|
E-Mail : |
tangellapalli.venugopalakrishna@xyleminc.com |
|
Website : |
|
|
Location : |
Owned |
|
|
|
|
Factory : |
Located at ·
Barodara, Gujarat, India |
|
Tel. No.: |
91-2667-265800 |
|
|
|
|
Branch Office : |
2nd Floor, Prama House, 21, Cama Industrial Estate, Walbhat Road,
Goregaon (East), Mumbai – 400 063, Maharashtra, India |
|
Tel. No.: |
91-22-67843000 |
|
Fax No.: |
91-22-67843033 |
DIRECTORS
|
Name : |
Mr. Venugopalakrishna Tangellapalli |
|
Designation : |
Director |
|
Address : |
B/8, Rutansh Duplex, Oppsoite Yash Complex, Gotri Road, Vadodara – 390021,
Gujarat, India |
|
Date of Birth/Age : |
04.12.1967 |
|
Date of Appointment : |
03.06.2011 |
|
DIN No.: |
02585590 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U29120GJ2007FTC051016 |
ITT
Corporation India Private Limited |
Director |
19-01-09 |
19-01-09 |
01-11-11 |
Active |
NO |
|
2 |
U29120GJ2011FTC065732 |
Xylem
Water Solutions India Private Limited |
Director |
03-06-11 |
03-06-11 |
- |
Active |
NO |
|
Name : |
Mr. Sameer Yamdagni |
|
Designation : |
Managing Director |
|
Address : |
C-148,Sarvodaya Enclave, New Delhi – 110017, India |
|
Date of Birth/Age : |
15.07.1965 |
|
Date of Appointment : |
12.07.2011 |
|
DIN No.: |
02225731 |
Other Directorship
|
S.No. |
CIN |
Name
of the Company |
Current
designation of the director |
Date
of appointment at current designation |
Original
date of appointment |
Date
of cessation |
Company
Status |
Defaulting
status |
|
1 |
U29120GJ2007FTC051016 |
ITT
Corporation India Private Limited |
Managing
director |
12-06-08 |
12-06-08 |
01-11-11 |
Active |
NO |
|
2 |
U51909DL2010PTC206218 |
C2C
Exports Private Limited |
Director |
23-07-10 |
23-07-10 |
- |
Active |
NO |
|
3 |
U29120GJ2011FTC065732 |
Xylem
Water Solutions India Private Limited |
Managing
director |
12-07-11 |
03-06-11 |
- |
Active |
NO |
KEY EXECUTIVES
|
Name : |
Mr. Siddharth |
|
Designation : |
Assistant Manager |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 26.05.2011
|
Names of Shareholders |
|
No. of Shares |
|
ITT Industries Luxembourg SARL, Luxembourg |
|
37000000 |
|
ITT Industries Holding SARL, Luxembourg |
|
13000000 |
|
Total |
|
50000000 |
As on 01.12.2011
List of Allottees
|
Names of Shareholders |
|
No. of Shares |
|
ITT Industries Luxembourg SARL, Luxembourg |
|
4699000 |
|
ITT Industries Holding SARL, Luxembourg |
|
1651000 |
|
Total |
|
6350000 |
As on 26.05.2011
Equity Share Break up (Percentage of Total Equity)
|
Category |
Percentage |
|
Foreign holdings( Foreign institutional investor(s),
Foreign companie(s) Foreign financial institution(s), Non-resident Indian(s)
or Overseas Corporate bodies or Others |
100.00 |
|
Total |
100.00 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Trader of Water Treatment and Testing Equipments |
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit |
|
|
|
|
Purchasing : |
Cash and Credit |
GENERAL INFORMATION
|
Customers : |
End Users and OEM’s |
|
|
|
|
No. of Employees : |
50 (Approximately) |
|
|
|
|
Bankers : |
Not Available |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
Not Available |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
60000000 |
Equity Shares |
Rs.10/- each |
Rs.600.000 Millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
|
|
|
|
|
56350000 |
Equity Shares |
Rs.10/- each |
Rs.563.500
Millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
NEW COMPANY
The above information has been parted by Mr. Siddharth.
LOCAL AGENCY FURTHER INFORMATION
|
Check List by Info Agents |
Available in Report (Yes / No) |
|
1) Year of Establishment |
Yes |
|
2) Locality of the firm |
Yes |
|
3) Constitutions of the firm |
Yes |
|
4) Premises details |
Yes |
|
5) Type of Business |
Yes |
|
6) Line of Business• |
Yes |
|
7) Promoter’s background |
-- |
|
8) No. of employees |
Yes |
|
9) Name of person contacted |
Yes |
|
10) Designation of contact person |
Yes |
|
11) Turnover of firm for last two years |
No |
|
12) Profitability for last three years |
No |
|
13) Reasons for variation <> 20% |
No |
|
14) Estimation for coming financial year |
No |
|
15) Capital in the business |
No |
|
16) Details of sister concerns |
No |
|
17) Major suppliers |
No |
|
18) Major customers |
No |
|
19) Payments terms |
Yes |
|
20) Export / Import details (if applicable) |
No |
|
21) Market information |
-- |
|
22) Litigations that the firm / promoter |
-- |
|
23) Banking Details |
No |
|
24) Banking facility details |
No |
|
25) Conduct of the banking account |
-- |
|
26) Buyer visit details |
-- |
|
27) Financials, if provided |
No |
|
28) Incorporation details, if applicable |
-- |
|
29) Last accounts filed at ROC |
-- |
|
30) Major Shareholders, if available |
-- |
Press Release:
US-based Xylem plans to invest Rs 1100.000 Millions in India
November 28, 2011
New Delhi : US-based global water technology
company Xylem has made plans to invest about Rs 1100.000 Millions ($22 million)
in setting up a large manufacturing facility in India. The facility is coming
up at Vadodara in Gujarat.
The investment is being channeled through
Xylem's Indian subsidiary Xylem Water Solutions India Private Limited and will
be poured in India over the next three years. Xylem completed its worldwide
spin off from US-based ITT Corp on October 31 and has emerged as a $3.2 billion
company.
Xylem India is establishing a greenfield
assembly, manufacturing and testing facility at Vadodara, for which land has
already been acquired. The company claims the facility will emerge as the
world's largest such unit.
Xylem Water Solutions India President and
Managing Director Sam Yamdagni told India Water Review that the investment for
the manufacturing facility is coming from the parent company.
"We are looking at setting up the world's
largest vertical pumps making facility and test facility at vadodara. We are
targeting the launch of the facility to coincide with the World Water Day on
March 22 next year", he added.
Xylem India, which was been in operation in
India since last several years, plans to serve the power, irrigation and
wastewater treatment business segments, besides providing services to local and
overseas customers.
The manufacturing facility is part of the
company's plans to step up focus in the Indian water and wastewater market. The
company hopes to emerge a leader in transport, treatment and testing of water
in India by offering both equipment and applications expertise.
Yamdagni said Xylem India would focus on the
power sector as India seeks to build more than 50 large power plants projects
by 2017. Also, with several large irrigation and wastewater treatment projects
proposed to be set up, the company is hoping to leverage its global reach and
experience along with local expertise to help build this infrastructure.
The Vadodara unit will be the company's
largest test and equipment facility targeted at the power sector, with small to
large pumps being manufactured for transport of water.
The company has already undertaken one of the
largest irrigation projects in the world, where pumps made by it transporting
water 155 miles to the arid Kutch district in Gujurat. These large vertical
turbine pumps are capable of moving 2.2 billion gallons of water per day to
help irrigate 175 thousand acres of land, the company said.
"The facility in India has the potential
to generate revenues to the tune of $100 million by year 2015. We hope to clock
revenues of about $20 million by December 2011, which is expected to jump to
about $35 million by next year", said Yamdagni.
The company's pumps and plumbing segment is
expected to contribute about $8 million USD in overall revenues during 2011.
The company is focussed on the water and wastewater treatment industry is also
eyeing the storm water and pumping treatment equipment segment in India.
Yamdagni said the company would be looking to
expand its portfolio in India over the next few years.
Xylem launches in India; to invest $22 Millions in 3 years
November 21, 2011
Following a spin-off from the US-based ITT
Corporation on October 31, its local subsidiary Xylem Water Solutions India
Private Limited, which began operations on Monday, said it would invest $22
million (Rs1100.000 Millions) over the next three years to establish a facility
at Vadodara in Gujarat.
The global leader will invest in a new
assembly, test and research facility at Vadodara as part of the $3.2-billion
water technology company, Mr. Sam Yamdagni, President and Managing Director,
said here.
Xylem is a world leader in equipment and applications
expertise in the transport, treatment and testing of water. The company's 155
employees in India will serve the power, irrigation and wastewater treatment
business segments in the region, provide services to local and overseas
customers, and generate local job opportunities.
India, facing challenges in urban areas
leading to increased demand for clean water, energy and wastewater treatment,
plans to build more than 50 large power plants projects by 2017 and a range of
large irrigation and wastewater treatment projects. Xylem plans to leverage the
company's global reach and experience, as well as its local expertise, to help
the country develop this infrastructure, he said.
Headquartered in New York, and having 12,000
employees across the globe, Xylem serves customers in more than 150 countries
to address critical water issues such as growing scarcity, aging infrastructure
and more stringent environmental regulations.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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] 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.49.29 |
|
|
1 |
Rs.78.10 |
|
Euro |
1 |
Rs.65.59 |
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 |
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 |
|
- |
NB |
New Business |
- |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.