IDENTIFICATION DETAILS
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Name : |
PENNWALT LIMITED (w.e.f. 16.03.2004) |
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Formerly Known
As : |
PENNWALT INDIA LIMITED (w.e.f. 21.11.1970) PENNWALT INDIA PRIVATE LIMITED (w.e.f. 16.05.1970) SHARPLES PROCESS ENGINEERS PRIVATE LIMITED (w.e.f. 07.05.1962) SHARPLES PROCESS ENGINEERS LIMITED |
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Country : |
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Financials (as
on) : |
31.03.2013 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
MUMP17979D |
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PAN No.: [Permanent Account No.] |
AAACP6840L |
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Legal Form : |
A Closely Held Public Limited Liability Company |
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No. of Employees
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Information declined by the Management. |
BUSINESS DETAILS
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Line of Business : |
Subject is engaged in production of wide range of Separation Equipment
for chemical processing applications, bio technology applications, municipal
and industrial effluent treatment applications encompassing the decanter
centrifuge, the high-tubular-bowl centrifuge, vibrating screen and turnkey
process plants, it also manufactures water Chlorinators and Peristaltic Hose
Pumps. |
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Products : |
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PRODUCTION STATUS (AS ON 31.03.2011):
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Particulars |
Shift Basis |
Licensed
Capacity |
Installed
Capacity |
Actual
Production |
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Separation Equipments: |
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Solid Bowl Centrifuge
with Helical Screw (Super D-Canter) |
1 |
24 |
24 |
30 |
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Separation Equipments: |
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Turbine Oil Purification Plants,
Vibro Screens, Vegetable Oil Mills Machinery ** |
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a) Super Centrifuge |
1 |
110 |
110 |
16 |
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b) Vibro Screen |
1 |
200 |
200 |
172 |
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c) Chlorination Systems |
1 |
196 |
196 |
29 |
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d) Hose Pumps |
1 |
50 |
50 |
9 |
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Anticorrosive Lining |
1 |
-- |
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5 |
* As certified by the
Chairman and Managing Director, on which auditors have relied.
** In the Opinion of the
Company, manufacturing of these items is outside the preview of Licensing
Authorities in the context of facts obtaining. The Company has been authorised
to manufacture the above items under registration letters issued by the
Directorate General of Technical
GENERAL INFORMATION
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No. of Employees : |
Information declined by the Management. |
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Bankers : |
· Union Bank of India, 66/80; B.S. Marg, Fort, Mumbai – 400 023, Maharashtra, India · HDFC Bank Limited · ICICI Bank Limited ·
Yes Bank Limited |
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Facilities : |
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Banking
Relations : |
-- |
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Financial Institution : |
Sundaram Finance Limited, 21, Patullos Road Chennai – 600 002, Tamilnadu, India |
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Auditors : |
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Name : |
N.M. Raiji And Company Chartered Accountants |
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Address : |
Universal Insurance Building, P.M. Road, Fort, Mumbai – 400 001, Maharashtra,
India |
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Income-tax
PAN of auditor or auditor's firm : |
AAAFN4217G |
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Subsidiary Company : |
Pennwalt Finance
and Investments Limited (CIN No.: U67120MH1996PLC098407) |
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Joint Venture Companies
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· Pennwalt Bertuzzi Limited (The Company did not have any business activity during the year.) · Pennwalt Agru Plastics Limited · Pennwalt Xeda Agro-Chem Private Limited |
MAJOR SHAREHOLDERS
AS ON 25.09.2013
Note:
Shareholding details file attached.
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
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SOURCES OF FUNDS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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I.
EQUITY AND LIABILITIES |
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(1) Shareholders' Funds |
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(a) Share Capital |
8.410 |
8.410 |
8.410 |
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(b) Reserves & Surplus |
568.216 |
485.139 |
419.956 |
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(c) Money received against share warrants |
0.000 |
0.000 |
0.000 |
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(2) Share Application money pending allotment |
0.000 |
0.000 |
0.000 |
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Total
Shareholders’ Funds (1) + (2) |
576.626 |
493.549 |
428.366 |
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(3) Non-Current
Liabilities |
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(a) Long-term borrowings |
2.471 |
0.000 |
0.000 |
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(b) Deferred tax liabilities (Net) |
1.103 |
1.465 |
2.053 |
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(c) Other long
term liabilities |
3.540 |
3.390 |
19.078 |
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(d) Long-term
provisions |
12.484 |
11.360 |
11.560 |
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Total Non-current
Liabilities (3) |
19.598 |
16.215 |
32.691 |
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(4) Current Liabilities |
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(a)
Short term borrowings |
11.096 |
6.072 |
10.124 |
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(b)
Trade payables |
17.426 |
26.247 |
22.925 |
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(c)
Other current liabilities |
74.915 |
77.187 |
66.444 |
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(d) Short-term
provisions |
23.356 |
18.600 |
32.056 |
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Total Current
Liabilities (4) |
126.793 |
128.106 |
131.549 |
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TOTAL |
723.017 |
637.870 |
592.606 |
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II.
ASSETS |
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(1) Non-current assets |
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(a) Fixed Assets |
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(i)
Tangible assets |
54.052 |
52.668 |
56.137 |
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(ii)
Intangible Assets |
0.000 |
0.000 |
0.000 |
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(iii)
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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(iv)
Intangible assets under development |
0.000 |
0.000 |
0.000 |
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(b) Non-current Investments |
49.679 |
44.679 |
44.029 |
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(c) Deferred tax assets (net) |
0.000 |
0.000 |
0.000 |
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(d) Long-term Loan and Advances |
119.488 |
96.640 |
82.345 |
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(e) Other
Non-current assets |
48.183 |
0.000 |
304.931 |
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Total Non-Current
Assets |
271.402 |
193.987 |
487.442 |
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(2) Current assets |
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(a)
Current investments |
0.000 |
0.000 |
0.000 |
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(b)
Inventories |
54.982 |
72.753 |
50.570 |
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(c)
Trade receivables |
8.409 |
22.879 |
11.692 |
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(d) Cash
and cash equivalents |
367.309 |
322.359 |
15.352 |
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(e)
Short-term loans and advances |
1.386 |
4.745 |
13.350 |
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(f)
Other current assets |
19.529 |
21.147 |
14.200 |
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Total
Current Assets |
451.615 |
443.883 |
105.164 |
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TOTAL |
723.017 |
637.870 |
592.606 |
PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2013 |
31.03.2012 |
31.03.2011 |
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SALES |
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Revenue from operations |
300.755 |
298.848 |
283.055 |
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Other Income |
47.580 |
39.730 |
46.833 |
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TOTAL (A) |
348.335 |
338.578 |
329.888 |
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Less |
EXPENSES |
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Cost of Materials Consumed |
40.688 |
65.268 |
70.127 |
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Purchases of Stock-in-Trade |
27.057 |
47.451 |
38.107 |
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Changes in inventories of finished goods, work-in-progress
and Stock-in-Trade |
9.673 |
(11.047) |
0.882 |
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Employees benefits expense |
48.133 |
40.208 |
45.785 |
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Other expenses |
48.099 |
54.305 |
42.010 |
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TOTAL (B) |
173.650 |
196.185 |
196.911 |
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PROFIT/
(LOSS) BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C) |
174.685 |
142.393 |
132.977 |
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Less |
FINANCIAL
EXPENSES (D) |
0.740 |
0.299 |
0.563 |
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PROFIT/
(LOSS) BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E) |
173.945 |
142.094 |
132.414 |
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Less/ Add |
DEPRECIATION/
AMORTISATION (F) |
5.342 |
5.064 |
5.070 |
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PROFIT/ (LOSS)
BEFORE TAX (E-F) (G) |
168.603 |
137.030 |
127.344 |
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Less |
TAX (H) |
56.138 |
47.412 |
44.111 |
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PROFIT/ (LOSS)
AFTER TAX (G-H) (I) |
112.465 |
89.618 |
83.233 |
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EARNINGS IN
FOREIGN CURRENCY |
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Export of Goods on FOB Basis |
122.993 |
73.696 |
63.233 |
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Commission received |
1.290 |
11.310 |
0.000 |
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Repair job Income |
0.246 |
2.248 |
0.000 |
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TOTAL EARNINGS |
124.529 |
87.254 |
63.233 |
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IMPORTS |
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Raw Materials |
8.492 |
23.749 |
12.683 |
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Stores & Spares |
12.913 |
24.811 |
27.549 |
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Capital Goods |
0.000 |
0.525 |
0.000 |
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TOTAL IMPORTS |
21.405 |
49.085 |
40.232 |
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Earnings/ (Loss)
Per Share (Rs.) |
1337.29 |
1065.63 |
985.25 |
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RATING & COMMENTS
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MIRA’s Rating : |
A (62) |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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Status : |
Good |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
RBI DEFAULTERS’ LIST STATUS
Subject’s name is not enlisted as a defaulter
in the publicly available RBI Defaulters’ list.
LOCATIONS
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Registered Office/ Factory 1 : |
D-221, M.I.D.C., T.T.C. Industrial Area, Thane-Belapur Road, Nerul, Navi Mumbai – 400 706, Maharashtra, India |
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Tel. No.: |
91-22 65166633/ 61471600/ 27632539/ 27632503 |
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Fax No.: |
91-22-27632560 |
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E-Mail : |
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Website : |
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Factory 2 : |
Plot No.272/A, Savli GIDC, Village Manjusar, District Vadodara – 391 775, Gujarat, India |
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Tel. No.: |
91-2667-264436/ 7/ 8 |
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.