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Report Date : |
21.05.2012 |
IDENTIFICATION DETAILS
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Name : |
SPX FLOW TECHNOLOGY (INDIA) PRIVATE LIMITED (w.e.f. 23.03.2010) |
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Formerly Known
As : |
JOHNSON PUMP (INDIA) PRIVATE LIMITED (w.e.f. 30.07.2009) ASSOTEX TRADING AND INVESTMENT PRIVATE LIMITED (w.e.f. 02.04.1980) |
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Registered
Office : |
Survey No. 275, |
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Country : |
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Financials (as
on) : |
31.12.2010 |
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Date of
Incorporation : |
02.04.1980 |
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Com. Reg. No.: |
04-050281 |
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Capital
Investment / Paid-up Capital : |
Rs. 4.995 Millions |
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CIN No.: [Company Identification
No.] |
U51900GJ1980PTC050281 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
AHMJ00355F |
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PAN No.: [Permanent Account No.] |
AAACS7234B |
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Legal Form : |
Private Limited Liability Company
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Line of Business
: |
Manufacturer of Industrial Pumps, Centrifugal Pumps etc. |
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No. of Employees
: |
Not Available |
RATING & COMMENTS
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MIRA’s Rating : |
Ba (48) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 1000000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having satisfactory track. Trade
relations are reported as fair. Business is active. Payments are reported to
be usually correct and as per commitments. The company can be considered normal for business dealings at usual
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.
INFORMATION DENIED
Unable to contact
LOCATIONS
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Registered Office : |
Survey No. 275, |
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Tel. No.: |
91-79-22870311 / 22873005 / 22875583 |
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Fax No.: |
91-79-22810593 / 22872522 |
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E-Mail : |
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Website : |
DIRECTORS
As on 29.06.2011
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Name : |
Mr. Gerwin Alex Roelof Schaafsma |
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Designation : |
Director |
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Address: |
Kromhoutstraat 4, |
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Date of Birth/Age : |
15.10.1966 |
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Date of Appointment : |
01.01.2009 |
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DIN No.: |
02362832 |
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Name : |
Mr. Patrick Joseph Oleary |
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Designation : |
Director |
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6524, |
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Date of Birth/Age : |
19.06.1957 |
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Date of Appointment : |
31.03.2009 |
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DIN No.: |
02033062 |
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Name : |
Mr. Gerard Bauke Santema |
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Designation : |
Director |
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1760 Roosdaal, |
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Date of Birth/Age : |
02.08.1969 |
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Date of Appointment : |
08.04.2009 |
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DIN No.: |
02464902 |
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Name : |
Mrs. Jenny Ngeeee |
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Designation : |
Director |
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6, |
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Date of Birth/Age : |
04.02.1963 |
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Date of Appointment : |
22.07.2009 |
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DIN No.: |
01222461 |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
As on 29.06.2011
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Names of Shareholders |
No. of Shares |
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SPX Flow
Technology Sweden AB (formerly known as SPX Process Equipment AB), |
499494 |
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Johnson
Pump ( |
1 |
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SPX Flow
Technology Norderstedt GmBH (formerly known as BRAN+LUEBBE GmbH) as nominees
of SPX Flow Technology Sweden AB, Deutschland |
1 |
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Johnson
Pumps of America, Inc. as nominees of SPX Flow Technology Sweden AB, |
1 |
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SPX Flow
Technology Orebro AB (formerly known as SPX Johnson Pump Marine AB) as
nominees of SPX Flow Technology Sweden AB, |
1 |
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SPX Flow
Technology |
1 |
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1 |
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Total
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499500 |
As on 29.06.2011
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Foreign holdings [Foreign institutional investors, Foreign Companies, Foreign Financial Institutions, Non-resident Indian or Overseas corporate bodies or others] |
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100.00 |
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Total
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Industrial Pumps, Centrifugal Pumps etc. |
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Products : |
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PRODUCTION STATUS (As on 31.12.2010)
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Particulars |
Unit |
Installed
Capacity |
Actual
Production |
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Power Driven Industrial and Process Pumps |
Qty. (in Nos.) |
15000 |
17971 |
GENERAL INFORMATION
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No. of Employees : |
Not Available |
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Bankers : |
Citibank N.A, 2nd
Floor, Bhagwati Bhawan, Goverment Hostel Crossing, |
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Facilities : |
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Banking
Relations : |
-- |
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Auditors : |
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Name : |
Deloitte Haskins and Sells Chartered Accountant |
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Address : |
Heritage, 3rd Floor, Nr. Gujarat Vidhyapith, Off |
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Tel. No.: |
91-79-27582542 / 27582543 / 66073100 |
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Fax No.: |
91-79-27582551 |
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Pan No.: |
AABFD7919A |
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Holding Company : |
SPX Flow Technology |
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Fellow Subsidiary : |
·
·
SPX Process Equipment BE NV ·
SPX Process Equipment Pte Limited,
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SPX Process Equipment Pty Limited,
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SPX Flow Technology ·
SPX Shared Services, Delvan A/P ·
SPX Process Equipment Pte Limited, ·
SPX Process Equipment Limited, ·
SPX ( ·
SPX Flow Technology Hongkong
Company Limited, Hongkong ·
SPX Flow Technology Rosista GMBH ·
APV North America Inc. ·
APV Manufacturing ( ·
SPX Process Flow Technology (Cops
Vulcan) ·
SPX Corporation ( · SPX Flow Technology (Bran+Lueee GMBH) |
CAPITAL STRUCTURE
As on 31.12.2010
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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500000 |
Equity Shares |
Rs. 10 each |
Rs. 5.000 Millions |
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Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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499500 |
Equity Shares 499,500 Equity Shares of Rs. 10
each fully paid-up divided into 350,000 shares of class A and 149,500 shares
of Class B both of Rs. l0 each. |
Rs. 10 each |
Rs. 4.995 Millions |
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Note:
Above 499,500 equity shares are held by the holding
company viz. SPX Process Equipments A.B.,
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
4.995 |
4.995 |
4.995 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
266.133 |
220.723 |
177.052 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
271.128 |
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LOAN FUNDS |
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1] Secured Loans |
3.867 |
16.576 |
17.224 |
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2] Unsecured Loans |
0.000 |
0.000 |
0.000 |
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TOTAL BORROWING |
3.867 |
16.576 |
17.224 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
274.995 |
242.294 |
199.271 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
67.780 |
67.757 |
68.441 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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DEFERREX TAX ASSETS |
6.929 |
6.624 |
1.968 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
114.570
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93.726 |
86.328 |
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Sundry Debtors |
279.994
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162.963 |
126.085 |
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Cash & Bank Balances |
17.847
|
21.436 |
15.884 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
5.247
|
8.220 |
5.612 |
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Total
Current Assets |
417.658
|
286.345 |
233.909 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Sundry Creditor |
153.953
|
69.273 |
55.839 |
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Other Current Liabilities |
44.989
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27.807 |
37.963 |
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Provisions |
18.431
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21.352 |
11.245 |
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Total
Current Liabilities |
217.373
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118.432 |
105.047 |
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Net Current Assets |
200.285
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167.913 |
128.862 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
274.995 |
242.294 |
199.271 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.12.2010 |
31.12.2009 |
31.12.2008 |
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SALES |
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Sales and Other Income |
604.395 |
446.360 |
478.742 |
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TOTAL |
604.395 |
446.360 |
478.742 |
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Less |
EXPENSES |
527.782 |
374.752 |
409.088 |
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TOTAL |
527.782 |
374.752 |
409.088 |
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PROFIT
BEFORE TAX, DEPRECIATION AND AMORTISATION |
76.613 |
71.608 |
69.654 |
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Less/ Add |
DEPRECIATION/
AMORTISATION |
7.424 |
7.310 |
6.770 |
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PROFIT BEFORE
TAX |
69.189 |
64.298 |
62.884 |
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Less |
TAX |
23.780 |
20.628 |
22.663 |
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PROFIT AFTER TAX
|
45.409 |
43.670 |
40.221 |
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Add |
PREVIOUS
YEARS’ BALANCE BROUGHT FORWARD |
184.167 |
140.497 |
100.276 |
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BALANCE CARRIED
TO THE B/S |
229.576 |
184.167 |
140.497 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export Earnings |
179.725 |
149.680 |
136.770 |
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Pattern development charges |
0.084 |
0.599 |
1.164 |
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TOTAL EARNINGS |
179.809 |
150.279 |
137.934 |
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IMPORTS |
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Raw Materials |
39.730 |
27.826 |
1.978 |
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Stores & Spares |
11.327 |
44.417 |
3.469 |
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Capital Goods |
9.964 |
0.000 |
0.000 |
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TOTAL IMPORTS |
61.021 |
72.243 |
5.447 |
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Earnings Per
Share (Rs.) |
90.09 |
87.43 |
-- |
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KEY RATIOS
|
PARTICULARS |
|
31.12.2010 |
31.12.2009 |
31.12.2008 |
|
PAT / Total Income |
(%) |
7.51
|
9.78 |
8.40 |
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Net Profit Margin (PBT/Sales) |
(%) |
11.44
|
14.40 |
13.13 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
14.25
|
18.15 |
20.79 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.25
|
0.28 |
0.34 |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.81
|
0.59 |
0.67 |
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Current Ratio (Current Asset/Current Liability) |
|
1.92
|
2.41 |
2.22 |
LOCAL AGENCY FURTHER INFORMATION
SUNDRY CREDITORS
DETAILS:
|
Particulars |
Rs.
In Millions 31.12.2010 |
Rs.
In Millions 31.12.2009 |
Rs.
In Millions 31.12.2008 |
|
Small scale industrial undertaking |
26.052 |
12.741 |
16.754 |
|
Others |
127.902 |
56.531 |
39.085 |
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Total |
153.954 |
69.272 |
55.839 |
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Check list by info
Agents |
Available in Report (Yes/ No) |
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Year of Establishment |
Yes |
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Locality of the Firm |
Yes |
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Constitution of the Firm |
Yes |
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Premises details |
No |
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Type of Business |
Yes |
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Line of Business |
Yes |
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Promoter’s Background |
Yes |
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No. of Employees |
No |
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Name of Person Contacted |
No |
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Designation of Contact person |
No |
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Turnover of Firm for last three years |
Yes |
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Profitability for last three years |
Yes |
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Reasons for variation <> 20% |
---------- |
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Estimation for coming financial year |
No |
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Capital in the business |
Yes |
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Details of sister concerns |
Yes |
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Major Suppliers |
No |
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Major Customers |
No |
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Payments Terms |
No |
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Export/ Imports Details (If applicable) |
No |
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Market Information |
--------- |
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Litigations that the firm/ Promoters Involved in |
---------- |
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Banking details |
Yes |
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Banking Facility Details |
Yes |
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Conduct of the Banking Account |
--------------- |
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Buyer visit details |
----------------- |
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Financials, if provided |
Yes |
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Incorporation details is applicable |
Yes |
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Last Accounts filed at ROC |
Yes |
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Major Shareholders, if available |
Yes |
Note:
Registered office of the company has been shifted from 43
Dr. V B Gandhi Marg, Fort, Mumbai 400023,
REVIEW
OF OPERATIONS
The sales turnover for the
year ended on 31st December 2010 has been 604 MINR as against the
previous year turnover of 446 MINR. During the year the Company has performed well.
Company's sales and services is increased 35 % and profit after tax is
increased by 7.6% as compared to the previous year.
FUTURE
OUTLOOK
Local
Markets
The Company continues its
efforts to advance in its existing pump families. With improvement in economy
in general and in pharmaceutical, mining and infrastructure sectors in
particular, the Company is expecting higher turnover in the times to come.
Exports
The patronage of the parent
company in the exports of the components and assemblies to world market is at
an accelerated rate. The Company is getting regular orders from them for
supplies to their associates in various countries like Netherlands Belgium,
Bank Charges:
|
Corporate
identity number of the company |
U51900GJ1980PTC050281 |
|
Name of the
company |
SPX FLOW
TECHNOLOGY ( |
|
Address of the
registered office or of the principal place of business in |
Survey No. 275, |
|
This form is for |
Creation of
charge |
|
Type of charge |
Book Debts Movable Property (not being pledge) Others |
|
Particular of
charge holder |
Citibank N.A, 2nd
Floor, Bhagwati Bhawan, Goverment Hostel Crossing, Email: roc@sdpa.in |
|
Nature of
description of the instrument creating or modifying the charge |
Goods Security
Agreement. |
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Date of
instrument Creating the charge |
01.10.2010 |
|
Amount secured by
the charge |
Rs. 63.000
Millions |
|
Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest 12.50% per annum. Terms of Repayment Repayable on
demand, annually renewable. Margin 10% against the
said plant and machinery. 30% against the
said stocks. 30% against the
said book debts. Extent and Operation of the charge First charge by
hypothecation of all the Borrower's movable and non movable assets (including
plant and machinery, stocks and book debts) forming part of its current and
moveable fixed assets both present and future in favour of Citibank N.A
Jaipur for the repayment of all monies in respect of the credit facility,
including outstanding balance and also all interest, costs, charges and
expenses. |
|
Short particulars
of the property charged |
The whole of the
Borrower's present and future stocks of raw materials, goods in process of
manufacture, semi finished goods. All of the
Borrower's present and future book debts, outstanding monies, receivables,
claims, bills, investments, rights to or on movable properties. All the
Borrower's present and future movable plant, machinery, moveable fixed assets
vehicles and equipments belonging to the Borrower. |
FIXED ASSETS:
·
Land
·
Building
·
Plant and Machinery
·
Electrical Installation
·
Furniture and Fixtures
·
Office Equipments
·
Vehicles
·
Computer Software
AS PER WEB DETAILS
PROFILE
SPX Flow Technology Sweden AB, former Johnson Pump, develops, manufactures and markets pumps and equipments for industrial, horticulture, shipbuilding and marine use. With many years of experience and expertise, combined with the wide product range, makes them one of the most reliable pump producers worldwide.
SPX Flow Technology’s research departments are busy experimenting with new raw materials, refining pumping principles and developing new products. The efforts of the R&D are put into production at the plants where we assure the quality of the work in accordance with ISO 9001.
With the worldwide network of SPX affiliates and independent
distributors we are working closely with you to provide the best solution for
their liquid transport needs.
At SPX Flow Technology Sweden AB they believe in ‘life cycle economy’. Buying a pump is not just a one-off transaction – the pump has to keep running for a long time. Service and maintenance is therefore as important to them as it is to provide the customers with a suitable solution to each and every unique application.
PRESS RELEASE
JANUARY 2012
SPX Showcasing Robust
Portfolio of Innovative Process Technologies at Anuga FoodTec 2012
SPX’s portfolio of products and services for the Food & Beverage industries is helping manufacturers around the globe increase process yields, enhance sustainability and receive rapid return on investment. The company’s highly engineered solutions are playing an important role in helping to meet rising global demand for innovative and sustainable products and processes.
Considered to be a major process systems and components supplier , SPX has brought together a collection of world class brands to serve the food and beverage marketplace including Anhydro, APV, Bran+Luebbe, Gerstenberg Schröder, Johnson Pump, Lightning, Plenty, Waukesha Cherry-Burrell and e&e. All of these brands will be represented at SPX’s stand A11/B28 and A31/B38 in hall 5.1 at Anuga FoodTec 2012.
SPX will present several new, cost and energy-saving solutions for food and beverage processing. SafeWater, for example, is a new eco-friendly technology that revolutionizes cleaning procedures. Also on display will be the new APV Cavitator which harnesses the power of cavitation for heating liquids without scaled build up and/or the mixing of liquids with other liquids, gasses or solids at the microscopic level to improve product quality and functional performance. The SPX Gerstenberg Schroder brand Nexus scraped surface heat exchanger is another innovative technology that uses CO2 as a cooling medium. SPX will also showcase their new FX Systems™ (Factory Xpress) pre-engineered, self-contained skidded process plant units that make a wide range of process technologies and applications available on ultra-short delivery times for fast time to production, all with comprehensive automation options.
A team of process engineering experts from around the world, including scientists from the Innovation Centres will be on the stand to share ideas with visitors and help them find solutions quickly and effectively.
Come and learn about the latest addition to the SPX family - e&e and see how the company's many years of experience in extraction, evaporation, vacuum and freeze drying for the food, pharmaceutical, cosmetics and coffee industry can be the key to their success.
Best in class solutions
With a strong synergy between brands as well as a solid process knowledge and innovation platform, SPX offers customers in the food, beverage and pharmaceutical industries a broad range of best-in-class products, turnkey systems and innovative solutions. One of the company’s main objectives is to give customers maximum value for their money with innovative products and solutions.
SPX Innovation Centres
SPX Flow Technology Innovation Centres are well equipped with test facilities. The dairy and food specialists are working closely with customers’ food designers to develop new systems and solutions that meet the demands of the industry and the consumers.
APRIL 2012
SPX is putting ideas into
action at ACHEMA 2012
SPX’s suite of products and services serves a wide range of industries including petrochemical, power & energy, oil and gas, biotechnology, pharmaceutical and personal care. To satisfy the ever-increasing appetite for innovative solutions, SPX has been employing ingenuity to feed customers with state-of-the-art solutions.
With production processes across many industries becoming more demanding, SPX is aggressively engaged in new product development and value engineering to yield significant results for their customers and remain competitive in the marketplace.
A major process systems and components supplier, SPX has brought together a collection of world class brands to serve the chemical, petrochemical, polymer, and power & energy marketplace including Airpel, Anhydro, APV, Bran+Luebbe, Balcke Dürr, ClydeUnion Pumps, Delair, e&e, Gerstenberg Schröder, Johnson Pump, Lightnin, Plenty, Seital and Waukesha Cherry-Burrell. All of these brands will be represented at SPX’s stand F2 in hall 4.0 and Seital stand D47 in hall 5.0 at ACHEMA 2012.
SPX will showcase revolutionary technologies at ACHEMA, including the Anhydro CG-250 atomizer, Uniglide-e from ClydeUnion Pumps, the mixer series from Lightnin amongst others. The Anhydro CG-250 atomizer system in spray drying is of utmost importance in achieving economic production of top quality products. It is insensitive to wear, not subjected to plugging and particle size can be controlled accurately by means of the speed of rotation. The operation of the centrifugal atomizer CG-250 is easy and reliable.
The Uniglide-e is the latest generation of axially split double entry pumps from the ClydeUnion brand. Developed using the latest 3D and FEA analysis software and with extensive consultation with major users it provides total reliability and reduced life cycle costs. This advanced pump has a unique adaptor design and allows fitment of all major suppliers’ cartridge seal assemblies. The design base also delivers enhanced hydraulic performance reducing required power.
Process engineering experts from SPX will be available at the stand to provide advice and discuss ideal solutions across disciplines, industries and market place.
Come and learn about the latest additions to the SPX family – ClydeUnion Pumps, Seital and e&e - and see how the companies’ many years of experiences and their technology can be the key to their success.
Best in class solutions
With a primary objective to build long-lasting relationship with clients, based on trust and solid process knowledge SPX’s mission is to stay ahead of the curve and provide customers with best-in-class products and solutions.
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] 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. 54.87 |
|
|
1 |
Rs. 86.46 |
|
Euro |
1 |
Rs. 69.48 |
INFORMATION DETAILS
|
Information
Gathered by : |
PJA |
|
|
|
|
Report Prepared
by : |
ACH |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
6 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
6 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
Yes |
|
--LITIGATION |
YES/NO |
No |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
No |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
No |
|
--EXPORT ACTIVITIES |
YES/NO |
Yes |
|
--AFFILIATION |
YES/NO |
Yes |
|
--LISTED |
YES/NO |
No |
|
--OTHER MERIT FACTORS |
YES/NO |
Yes |
|
TOTAL |
|
48 |
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 |
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.