Introduction

Clyde Union Pumps has over 140 years of experience in pumping

technologies and has a rich heritage of product brands. May 2007 saw the
formation of Clyde Pumps through the acquisition of Weir Pumps, a
long-standing engineering company with roots dating back to 1871.
Following was the acquisition of Union Pumps in November 2008, which
formed ClydeUnion Pumps. The joining of these companies brought
together some of the most respected products, people and heritage brands
in the business including the more recent addition, S&N Pumps, who
specialize in technologies for exploration and marine markets.

In December 2011, Clyde Union Pumps, became part of SPX

Corporation allowing SPX to grow its network of pump expertise and
operations including eight additional manufacturing facilities and 25
global service centres. The purchase of the company is consistent with
SPXs long-term strategy to expand its flow technology capabilities and
establish a global platform in the power and energy sector. The
ClydeUnion Pumps product range complements the existing SPX
portfolio of brands which include APV, Bran + Luebbe, Johnson Pump,
Plenty and Lightnin.

1
 ABOUT US
Clyde Union Pumps, an SPX Brand, is one of the world's leading
pump companies - a center of excellence in pump technology, hydraulic
design and engineering. We are structured to provide a specific focus on
each of our customer's key markets as well as providing full global
aftermarket support.

Building on the success of Clyde Pumps we acquired Union Pump

in 2008 and S&N Pump Company in 2010 and have now fully integrated
these companies into ClydeUnion Pumps. We now have an even stronger
team of people and truly global footprint to ensure our customers receive
high quality products and aftermarket support.

2
 HISTORY
OUR RICH PAST
ClydeUnionPumps, has at its base the two companies Clyde Pumps
and Union Pump. Both have a rich heritage and a history dating back
over 100 years.
With the acquisition of S&N Pump Company in October 2010, our
capabilities for offshore applications became much greater.

CLYDEPUMPS
In 1871, two brothers, George and James Weir, founded the
engineering firm of G. & J. Weir. From their Glasgow works, in
Scotland's central belt. They quickly established a reputation for
inventing pump and valve technologies that were utilized successfully on
ship engines, oil pipelines, desalination plants and power stations across
the world.

UNION PUMP
Since Union's inception in 1885 in Michigan, USA the company
has been creating class leading pumps for industries around the globe.
Union has incorporated the David Brown Pumps brand as well as its
significant capabilities when their Annecy operation was acquired, and
along with it the respected DB Guinard Pumps brand.

S&N PUMP COMPANY

Established in 1954, S&N Pump Co. has packaged seawater lift
pump systems and related accessories exclusively to the seawater market
for offshore applications since 1957. A provider of design, sales, service,

3
testing, and repair of seawater pumping equipment to the offshore
industry by offering safe, cost-effective, reliable, single-source solutions
for global seawater needs.

4
 LOCATIONS

OUR GLOBAL FOOTPRINT

To ensure a global presence and accessibility for our key markets,
ClydeUnion Pumps are positioned in various countries around the world.
Our main manufacturing facilities are located in North and South
America, Europe, India and Asia Pacific and incorporate state-of-the-art
machinery for enhanced pump engineering.

5
 NEWS AND EVENTS
Clyde Union Pumps is a dynamic forward looking company with
ambitious plans for the future. Make sure to review this section regularly
to find out about the latest contract awards, company news and other
interesting items.

NEWS & STORIES

Make sure to review this section regularly to find out about the
latest contract awards, company news and other interesting items.

DUBAI, UAE, April 21 - 23, 2015 The SPX ClydeUnion Pumps

Uniglide-e range of axially split double entry pumps is helping users to
achieve class-leading improvements in efficiency while reducing their
maintenance downtime and costs.
The range was developed using the latest 3D and FEA software,
plus extensive input from key customers in the water treatment,
desalination and wider process industries. The design of the Uniglide-e
range is another example of engineering and innovation excellence from
SPX. The whole development process was geared towards making
Uniglide-e the class leading range on the market, running at high peak
efficiency.

As part of their continuous improvement program, SPX have

further enhanced the range efficiencies with alternative coatings and
PEEK (polyether- etherketone) composites. These pumps are pulling up
to 1.5MW, so even the smallest saving becomes very important in terms
of energy efficiency. The Uniglide-e range typically costs 30% less than
traditional split case ranges and is also physically smaller. Small size was

6
a key requirement of the design process, as space has always been at a
premium for water industry and desalination customers. Here the ability
of the Uniglide- e pumps to be mounted vertically is also proving
important to their market success, saving 70% of its horizontal footprint.

Modularisation was another key requirement for the SPX Uniglide-

e range: 48 individual pump frame sizes divided into seven modular shaft
groupings with standard cartridge bearing and seal assemblies. A huge
wealth of hydraulic experience from traditional split case models and
using the 3D and FEA software has allowed a reduction in the number of
major parts in each pump to just seven. As a result, maintenance becomes
a simple task for users, who dont have to pay a premium for this sort of
access or worry about health and safety issues. This is a big differentiator
for ClydeUnion Pumps, an SPX brand.

As an example, the split casing design simplifies maintenance by

allowing access to pump rotors without disturbing pipework or drivers. In
addition, cartridge bearings and seals can be changed in a fraction of the
time taken on a conventional axially split case product. Similarly, for the
economic renewal of operational clearances, replaceable metallic wear
rings are fitted as standard on cast iron units. These reduce pressure
leakage and improve the overall efficiency, while composite wear rings
are fitted as standard on the steel alloy units.

The traditional problem of radial thrust is reduced by utilising

double volute casing design on all but the smallest frames, leading to
improved efficiency, minimised vibration and extended seal and bearing
life. Current bearing life is typically over 100,000 hours.

Meanwhile a hydraulically balanced impeller designed with

optimised geometry provides high efficiency and low NPSH whilst

7
minimising axial thrust. This extends both bearing and seal life.
The ClydeUnion Pumps Uniglide-e range from SPX, which has already
won a British Pump Manufacturers Association Product Award, is
designed for both the 50Hz and 60Hz markets, with clockwise and
counter-clockwise rotation available. The pumps have a capacity of up to
4000 m/h and a delivery head of up to 200 metres. They can operate at
temperatures up to 80C and speeds up to 1800 rpm. A broad range of
materials are available for non-corrosive and corrosive applications such
as seawater. These include cast iron, stainless steel, duplex and super
duplex. Other materials are also available on request.

DUBAI, UAE, April 21 - 23, 2015 The SPX ClydeUnion Pumps

Uniglide-e range of axially split double entry pumps is helping users to
achieve class-leading improvements in efficiency while reducing their
maintenance downtime and costs.
The range was developed using the latest 3D and FEA software,
plus extensive input from key customers in the water treatment,
desalination and wider process industries. The design of the Uniglide-e
range is another example of engineering and innovation excellence from
SPX. The whole development process was geared towards making
Uniglide-e the class leading range on the market, running at high peak
efficiency.

As part of their continuous improvement program, SPX have

further enhanced the range efficiencies with alternative coatings and
PEEK (polyether- etherketone) composites. These pumps are pulling up
to 1.5MW, so even the smallest saving becomes very important in terms
of energy efficiency. The Uniglide-e range typically costs 30% less than
traditional split case ranges and is also physically smaller. Small size was
a key requirement of the design process, as space has always been at a

8
premium for water industry and desalination customers. Here the ability
of the Uniglide- e pumps to be mounted vertically is also proving
important to their market success, saving 70% of its horizontal footprint.

Modularisation was another key requirement for the SPX Uniglide-

e range: 48 individual pump frame sizes divided into seven modular shaft
groupings with standard cartridge bearing and seal assemblies. A huge
wealth of hydraulic experience from traditional split case models and
using the 3D and FEA software has allowed a reduction in the number of
major parts in each pump to just seven. As a result, maintenance becomes
a simple task for users, who dont have to pay a premium for this sort of
access or worry about health and safety issues. This is a big differentiator
for ClydeUnion Pumps, an SPX brand.

As an example, the split casing design simplifies maintenance by

allowing access to pump rotors without disturbing pipework or drivers. In
addition, cartridge bearings and seals can be changed in a fraction of the
time taken on a conventional axially split case product. Similarly, for the
economic renewal of operational clearances, replaceable metallic wear
rings are fitted as standard on cast iron units. These reduce pressure
leakage and improve the overall efficiency, while composite wear rings
are fitted as standard on the steel alloy units.

The traditional problem of radial thrust is reduced by utilising

double volute casing design on all but the smallest frames, leading to
improved efficiency, minimised vibration and extended seal and bearing
life. Current bearing life is typically over 100,000 hours.

Meanwhile a hydraulically balanced impeller designed with

optimised geometry provides high efficiency and low NPSH whilst
minimising axial thrust. This extends both bearing and seal life.

9
 The ClydeUnion Pumps Uniglide-e range from SPX, which has
already won a British Pump Manufacturers Association Product Award,
is designed for both the 50Hz and 60Hz markets, with clockwise and
counter-clockwise rotation available. The pumps have a capacity of up to
4000 m/h and a delivery head of up to 200 metres. They can operate at
temperatures up to 80C and speeds up to 1800 rpm. A broad range of
materials are available for non-corrosive and corrosive applications such
as seawater. These include cast iron, stainless steel, duplex and super
duplex. Other materials are also available on request.

10
 INDUSTRIES
Clyde Union Pumps brand is known worldwide for supplying
reliable and robust engineered pumping solutions stemming from over
140 years of industry expertise. Our experience spans across several
complex industries including oil and gas, nuclear and conventional power
generation, desalination and other key markets relevant to our product
portfolio.

11
 POWER
POWER - DRIVEN BY ENGINEERING EXCELLENCE
At Clyde Union Pumps we understand the needs of the power
industry. We bring together extensive engineering expertise and
experience from our global organization to offer engineer-to-order
pumping solutions to our power customers.
We understand the importance of reliability, quality and safety to
the success of a project. Key to this is engineering excellence and a
culture of innovation and continuous improvement which places the
company at the leading edge of pump design.

12
 NUCLEAR POWER

Our involvement in the nuclear power market began with the first
ever industrial scale nuclear power plant and continues with ClydeUnion
Pumps having nuclear pump installations in over 65% of operational
nuclear power plants worldwide.
Clyde Union Pumps offers a comprehensive Class 1, Class 2 and
Class 3 product range and can also provide a full conventional island
product offering designed for the high reliability and availability
requirements of a nuclear facility. Key to our success in both civil and
naval nuclear power is our ability to acquire and maintain the high
standards required to design and build nuclear coded pumps. Our three
coded facilities - Glasgow-UK, Annecy-France and Battle Creek-USA,
are all qualified to ASME N Stamp and/or RCC-M and have a long
history of excellence.

13
 CONVENTIONAL POWER

Clyde Union Pumps, an SPX Brand is committed to delivering

market leading products and services to meet the technical and
commercial challenges of our customers operating across the full
spectrum of power industry activities.

Our market leading range covers the following areas:

- Thermal power plants
- Combined cycle / Co-gen power plants
- Concentrated solar power plants
- Geothermal
- Carbon capture & storage

14
 OIL & GAS
At ClydeUnion Pumps, an SPX brand, we understand the needs of
the oil and gas industry. After our formation in 2008, we brought together
engineering expertise and experience from throughout our global
organization to create a specialist team focused solely on serving the oil
and gas industry and meeting its specific requirements.
We are strategically aligned with customers requirements and fully
committed to the working practices and the demands of scheduling,
efficiency and reliability, prevailing within the industry. This allows us to
build considerable advantages into the services offered.

15
 EXPLORATION

ClydeUnion Pumps provides superior engineered solutions for the

offshore exploration and marine industry. These include products for
offshore oil, gas exploration and marine vessels, as well as the offshore
wind industry.

The acquisition of S&N Pumps which formed, ClydeUnion S&N

Pumps, enhanced the companys experience and expertise in the oil &
gas exploration sector. ClydeUnion S&N Pumps has been providing
water systems and related accessories to the offshore drilling and
production industry for more than fifty years allowing us recognition as
the worlds leader in offshore water support; specializing in the supply
and repair of submersible pumps and motors.

16
 UPSTREAM

ClydeUnion Pumps, an SPX Brand provides superior solutions to

Oil & Gas Companies in upstream, production, transportation, refining
and related petrochemical industries.
Upstream products include well service, stimulation pressure
pumping and flow control products. Engineered mechanical and rotating
equipment repairs and upgrades, oilfield and drilling equipment repair
and certification are covered in our selection of highly skilled aftermarket
services.

17
 DOWNSTREAM

ClydeUnion Pumps has within its product range all the Downstream Oil
products of Union Pump and Clyde Pumps providing us with not only an
extensive product portfolio, but also a history of experience and
knowledge of the industry. ClydeUnion Pumps provide products for the
downstream industry that can handle the pressures and demands of
modern downstream oil processing.

18
 INDUSTRIAL

ClydeUnion Pumps operates with the worlds major water

treatment & supply companies as well as wastewater plant contractors.
Acknowledged innovator in the water & wastewater industries, the
company offers complete pump sets and key parts enhancing the
operational capabilities of the plants. Committed to helping customers &
end users to meet all operational requirements of each plant, ClydeUnion
Pumps has developed high quality products that can handle various
capacity water pumping applications and that are available in a wide
range of materials for both corrosive & non-corrosive applications.

19
 WATER & WASTEWATER

ClydeUnion Pumps operates with the worlds major water

treatment & supply companies as well as wastewater plants contractors.
Acknowledged innovator in the water & wastewater industries, the
company offers complete pumpsets and key parts enhancing the
operational capabilities of the plants. Committed to helping customers &
end users to meet all operational requirements of each plant, ClydeUnion
Pumps has developed high quality products that can handle various
capacity water pumping applications and that are available in a wide
range of materials for both corrosive & non-corrosive applications.

20
 DESALINATION

With more than a century of experience delivering equipment,

systems and services to the desalination industry, ClydeUnion Pumps
offers unrivalled and proven expertise with tangible benefits for
desalination clients around the world. Leveraging in-depth understanding
of evolving desalination technologies, the company is fully qualified to
install pumps on Reverse Osmosis and Multi-Stage Flash plants to cover
all stages of the desalination process, from seawater pre-treatment to
produced water distribution.

21
 GENERAL INDUSTRIAL

Renowned industry players rely on ClydeUnion Pumps pumping

technology to work hand-in-hand so as to provide top-class pumps &
services in various industries such as steel, chemical, jet fuelling and high
pressure blasting / cleaning. In addition to the award winning Uniglide-e
pump, the company offers an extensive range of single stage end suction
pumps as well as single and multistage vertical turbine pumps capable of
servicing various industrial applications.

22
 AFTER MARKET

ClydeUnion Pumps, an SPX Brand, has a team of dedicated

aftermarket personnel in place worldwide to support our customers in
many industry sectors. Depending on your location we will provide either
direct engineering service support, field service support or assistance in
conjunction with our Approved Service Providers. Whichever option is
provided, you can be assured of the best attention from fully qualified and
experienced engineers.
Clyde Union Pumps is committed to providing world class
aftermarket support for all of our legacy brands, as well as new
equipment, and provides full backup for obsolete products and for third
party equipment. Our history and breadth of experience, as well as our
geographical coverage and expertise, make us the natural first choice for
any pump related enquiry, no matter where the location, the scale of the
task or the original manufacturer.

23
Our objective is to add value to our customers operations and our
key services include:

OEM warranted parts to original or upgraded specification

Rapid Response solution provider on turned and cast items in
emergency situations
Equipment repair, maintenance, overhaul, re-rates, problem solving
and technical support
Global presence offering local service facilities in over 40
countriesSpareparts

24
 GENERATIONS OF EXPERIENCE
We guarantee highest quality spare parts for all our current and
heritage product range through our worldwide network of manufacturing
facilities and service centers. Original or upgraded specification spare
parts, coupled with full engineering design capability, will ensure
reliability and availability hence aiding optimized plant operation.

Original or upgraded specification

Maximize reliability and availability
Assured compatibility
OEM warranted parts to original or upgraded specification
ISO 9001 quality manufacturing
Inventory management

25
 RAPID RESPONSE PARTS

ClydeUnion Pumps understands your needs to keeping critical plant

operating and your concerns when a breakdown occurs.

Delivery to promise and accelerated service are recognised as key

customer requirements and we therefore offer a rapid response option
which offers component deliveries from as little as 24hrs through our
global network of facilities. Rapid response is available for selected parts
from our full portfolio of current and heritage pump ranges and also for
any other manufacturer pump models.

Turned parts in 24 hours

Fast-track cast components
Wide range of material options
Full warranty on all parts
ISO 9001 quality manufacturing

26
 3RD PARTY PRODUCTS
Cast and turned parts for all brands re-engineered with the surety
afforded by the application of OEM technical expertise.
Hydraulic, mechanical and material upgrades are available
Full warranty on all parts
Rapid Response services available
Service, overhaul and general maintenance of all of your pump
equipment irrespective of original supplier

27
 HERITAGE BRAND PRODUCTS
At ClydeUnion Pumps we are proud of our history which extends
well over 140 years and our long list of prestigious heritage product
brands. A large number of heritage products around the world still
operate today providing reliable and economic service. We are fully
committed to supporting these products by provision of parts and service
for all current and obsolete lines.

Maximize the lifespan, reliability and availability of your heritage

products by fitting only genuine, original or upgraded specification, OEM
parts.

Supply of parts for all our heritage brands including:

Weir Pumps Clyde Pumps Girdlestone

Mather & Platt Harland Drysdale WH Allen
Allen Gwynnes Union Pump David Brown Pumps
DB Guinard Pumps American Pump Harland
S&N Pump

As well as providing parts we can supply complete replacement

machines. We recognise that due to site constraints, hydraulic
compatibility and existing infrastructure, it is often the most effective
solution to replace or add additional units on a like for like basis.

28
 TECHNICAL SERVICES
The technical services team is a dedicated group of experienced
pump engineers specializing in providing expert pump systems advice to
our customers across all industries. Possessing a wealth of pump and
system design knowledge, fully equipped with the latest design,
analytical and pump testing equipment, our technical services team can
be employed across a range of services to ensure your critical rotating
plant is operating reliably, safely and at optimal levels of efficiency.
Working in partnership with our customers the focus of these important
aspects of pump operation deliver increased MTBF and plant life,
reduced parts consumption, increased production and very importantly
minimize energy costs and carbon emissions.

29
 PUMP SYSTEM TESTING AND
ASSESSMENT
OVERVIEW

The ClydeUnion Pumps technical services team deploys pump

system assessment methodology. The objective in this method of
assessment is to ensure a uniform and systematic approach in the
assessment of industrial pumping systems to identify opportunities for
reducing energy consumption and carbon emissions in line with
legislative and government targets. This method combines a consultative
approach with a thorough system energy and reliability audit utilizing our
full suite of testing equipment including flow and power meters, multi-
channel data logger, vibration analyzer, pressure transducers and
temperature gauge.

BENEFITS:
Increase in pump and system efficiency
Reduction in energy consumption and operating costs
Improved pump and system reliability
Reduction in system emissions
Problem solving and Root Cause Analysis (RCA)
Increased Mean Time Between Failure (MTBF)

We will ensure that the operating history and customer

requirements are fully understood prior to completing the study and
presenting our findings in a concise technical report. This report will

30
make clear our recommendations supported by anticipated improvements
in performance, reliability and energy efficiency with any investment
payback illustrations provided if required.

31
 RE-ENGINEERING AND UPGRADING
OF 3RD PARTY PUMPS AND PARTS

OVERVIEW

The technical services team brings the benefit of ClydeUnion

Pumps OEM parts quality, problem solving and design expertise to any
brand of rotating equipment. By employing the same rigorous design,
upgrade and rapid manufacturing principles applied to ClydeUnion
Pumps OEM parts, significant benefits can be realized for non-
ClydeUnion Pumps branded and local replicator parts.

1. CONSULTATION
Prior to commencing the re-engineering programme our engineer will
meet with the client to understand how ClydeUnion Pumps can meet your
needs and improve upon the quality, delivery or part design.

2. LASER SCANNING OF PARTS

Hand-held laser scanning is the perfect solution for rapid scanning and
inspection of parts. Unlike surface mounted scanning arms the handheld
laser scanner is extremely lightweight and does not require to be mounted
to an inspection table. This allows quick deployment followed by rapid
and accurate scanning of parts on-site, in storage as well as in the
workshop. Rapid scanning of large parts and surfaces can be carried out
while maintaining accuracy on precision machined toleranced surfaces.

32
3. RAPID MANUFACTURE
For cast and turned parts the ClydeUnion Pumps Rapid Response process
can be employed for greatly accelerated manufacturing lead times in as
little as 24 hours for turned parts. For cast parts this process utilises rapid
3D pattern manufacture processes allowing patterns to be produced
directly from 3D CAD data.

4. ANALYSIS AND RE-ENGINEERING

Once the part is scanned and inspected the file will be electronically
transmitted the engineers report describing the condition of the part and
any operational improvement requirements discussed with the customer.
If required a full failure mode analysis report can be arranged at this stage
to better understand problems.
After an analysis and review by our design and improvement teams,
engineers then used to create a full manufacturing model and drawing of
the part.

TYPICAL IMPROVEMENTS:
Increased part strength and reduction of stress concentrations
Improved or modified hydraulic design to increase efficiency, adjust
pressure and flow characteristics and improve suction design to reduce
cavitation damage
Upgraded materials to stronger and more corrosion resistant
ClydeUnion Pumps approved materials

33
 UPGRADES AND RE-RATES

Throughout the service life of your pumping equipment, process

change, design improvements and material developments create
opportunities to greatly improve the performance and reliability of your
asset. ClydeUnion Pumps can offer a comprehensive range of
engineering solutions to modify pumping equipment to satisfy any such
change in requirements.
After a consultation and a full site survey, our team of OEM pump
improvement engineers will analyze the data before producing a design
proposal which will either improve the mechanical design, modify the
hydraulic design or change the material specification, or a combination of
all three to optimize the pump performance in your system. Changes to
the design stresses, pressure boundary loading and rotor dynamic
performance will be assessed to ensure your upgrade will be problem free
and OEM safety and design code qualifications fully maintained.

Root cause analysis

Hydraulic re-rating
Optimize performance & reliability
Mechanical upgrading
Material enhancements
3rd party machinery
Guaranteed performance improvements
Attractive payment terms linked to pay-back are negotiable

34
 CONDITION MONITORING

ClydeUnion Pumps extensive knowledge of pumps and pump

systems can be used in assisting with the specification of condition
monitoring to provide safeguarding of all pump equipment. Being able to
accurately determine when a pump requires an overhaul or when a
bearing may have failed is critical to ensure maximum cost savings and
pump reliability to our customers.

SYSTEM UPGRADES

It is possible to upgrade existing system installations with the most up-to-

date control and instrumentation equipment. This will ensure the essential
measurements of pump reliability and performance are captured, using
the correct selection of equipment to suit the clients requirements at site.

REAL TIME MONITORING

Data acquisition can be set up in such a way as to provide real time
monitoring. This can be configured with wireless or wired systems which
can be monitored at site by the clients personnel or by ClydeUnion
Pumps through the internet.

35
DATA ANALYSIS
Our specialist engineers are capable of full data analysis and problem
diagnosis of your system to be able to provide the most beneficial
solution. Data can be analyzed as part of a site survey or the results can
be sent to ClydeUnion Pumps for an in-house analysis.

36
 INVENTORY MANAGEMENT
The identification and management of spares will ensure all
necessary maintenance, wear parts and insurance spares are stocked
whilst still maintaining a cost to risk balance that can be pre-agreed with
the client. Identical spares will be identified and duplicate part spares
holding will be reduced. This will save on cost for spares holding as well
as physical storage space.

Stockholding review, basis machine criticality rating

Inter-changeability analysis
Just in time delivery
Procurement services
Supplier agreements
Re-engineering
Shared stock components

37
 PUMP TRAINING
ClydeUnion Pumps recognizes the importance training has to play in the
safe, effective and efficient operation of pump equipment. We have a
dedicated team providing a wide range of pump training courses
developed specifically to suit the needs of system designers, engineers,
operators and maintenance staff. The courses are structured to suit a
specific range of abilities and knowledge; introductory to advanced level
courses, ensuring that all training needs can be provided whatever the
ability and add value to your operation.
BENEFITS
HEALTH AND SAFETY
It is important that each task is conducted in the correct manner to
ensure safety to the individual and others.

REDUCED COSTS
The methods used and experience gained will produce an increased
efficiency in the employees role.

CONTINUOUS IMPROVEMENT
Training will ensure the most current and best practices are utilized to
stay ahead of the competition.

38
 FIELD SERVICES

We offer a comprehensive range of on-site services such as

installation, inspection, commissioning, removal, preventative and
scheduled maintenance, emergency breakdown service and full turnkey
projects all designed to deliver optimum pump lifecycle results with
minimum downtime. Our field engineers are highly trained and
experienced working to minimize unscheduled shutdowns for customers,
while considering all factors associated with the pump duty conditions,
age and demands on the pump system. No matter where you are located
globally, we are committed to having a service engineer attend your site
within 48 hours of a request.

39
 DIRECTORS OF CLYDE PUMPS
INDIA PVT LTD

DIN Director Name Designation Appointment Date

06780360 DIGONTA BARUA Director 05 January 2017
03614435 RAJENDRA GADADHAR Director 10 December 2016
KARANDIKAR
02288814 BRAHMA PRAKASH Director 23 July 2008
KHARE
00249468 PRAKASH AGARWAL Director 23 July 2008

40
 CLYDE UNION PUMPS INDIA PVT LTD
BALANCE SHEET
AS AT 31ST MARCH, 2017
I. EQUITY AND LIABILITIES Note 31st March, 2017 31st March, 2016
1) Shareholders Funds No. Rs. Rs. Rs. Rs.

a) Share Capital 2 7,96,70,800 7,96,70,800

b) Reserves and Surplus 3 91,45,55,804 99,42,26,604 75,89,81,681 83,86,52,481
2) Non-Current Liabilities 4 20,22,28,670 30,17,21,829
a) Long-Term Borrowings
b) Deferred Tax Liabilities (net) 5 3,35,97,243 2,94,69,128

c) Long-Term Provisions 6 78,67,822 24,36,93,735 70,46,757 33,82,37,714

3) Current Liabilities 7 73,21,40,682 57,88,68,253
a) Short-Term Borrowings
b) Trade Payables 8 88,85,92,595 64,47,85,485
c) Other Curent Liabilities 9 26,93,80,154 56,42,66,003
d) Short-Term Provisions 10 3,41,15,225 192,42,28,656 2,95,06,975 181,74,26,716
Total 316,21,48,995 299,43,16,911
II. ASSETS 11 32,89,62,896 28,03,32,886
1) Non-Current Assets
a) Fixed Assets
i) Tangible Assets
ii) Capital Work-in-Progress 43,35,297 1,70,33,598
33,32,98,199 29,73,66,484
b) Non-Current Investments 12 37,95,35,685 37,89,22,585
c) Long-Term Loans and 13 5,58,83,195 76,87,17,073 5,16,10,499 72,78,99,568
Advances
2) Current Assets 14 24,39,08,428 25,74,57,446
a) Inventories
b) Trade Receivables 15 181,45,44,480 173,83,88,058
c) Cash and Cash 16 99,40,501 2,41,66,084
equivalents
d) Short-Term Loans and 17 29,10,71,625 23,40,67,027
Advances
e) Other Current Assets 18 3,39,66,888 239,34,31,922 1,23,38,728 226,64,17,343
T 316,21,48,995 299,43,16,911

41
 CLYDE UNION PUMPS INDIA PVT LTD
STATEMENT OF PROFIT AND LOSS
FOR THE YEAR ENDED 31ST MARCH, 2017
I. Revenue from Note Year 31st March, 2017 Year 31st March, 2016
Operations No. Rs. Rs. Rs. Rs.
Less : Excise Duty 19 273,52,25,51 264,59,78,26 276,90,96, 268,68,34,
98,92,47,256 3 0258,22,61, 044
981
II. Other Income 20 6,40,15,255 77,66,009
III. Total Revenue (I+II) 270,99,93,51 269,46,00,
IV. Expenses 8 053
Cost of Raw Materials and 21 157,83,58,50 173,65,46,
Components
Changes in Inventories
consumed of 0 543
Finished
Work Goods and
in Progress : 22 2,09,71,313 (2,50,16,0
Employee Benefits Expenses 23 19,20,92,236 49)
18,22,69,1
Finance Costs 24 17,71,37,054 31
12,42,40,0
Depreciation 2,16,81,565 2,06,76,700 27
Less:Transferred from 2,19,974 2,14,61,591 2,20,268 2,04,56,43
Revaluation
Other ExpensesReserve 25 47,87,33,839 238,41,97,5
246,87,54,53 242,26,93,
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V. Profit before tax (III - IV) 3
24,12,38,985 640
27,19,06,4
VI. Tax expense Current Tax 6,46,00,000 7,90,00,000 13
- Tax adjustment of previous 7,66,185 31,59,411
year 6,53,66,185 8,21,59,411
- Deferred Tax 41,28,115 22,47,047
6,94,94,300 8,44,06,45
Profit for the year (V - VI) 17,17,44,685 818,74,99,9
Earnings per share (Face 21.56 55
23.53
value of Rs 10/- each)
Basic
Diluted 21.56 23.53

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 CLYDE UNION PUMPS INDIA PVT LTD
NOTES FORMING PART OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH, 2017

1 SIGNIFICANT ACCOUNTING POLICIES

a) ACCOUNTING CONVENTIONS

The Financial Statements are prepared in accordance with historical cost

convention, modified by revaluation of certain fixed assets.

b) FIXED ASSETS AND DEPRECIATION

Fixed Assets are stated at cost except for certain assets which were revalued and
shown at valuation as per Valuer's Certificate.

Cost includes inward freight , duties , taxes and expenses incidental to

acquisition and installation. In respect of self-constructed fixed assets, cost
includes value of materials, labour and proportionate allocable overheads.

In respect of revalued assets the difference between written down value of

assets and its valuation is transferred to Revaluation Reserve.

No depreciation is provided on Freehold Land. Value of Leasehold Land is

amortized over the period of lease. In respect of other assets, depreciation is
provided in the Financial Statements on written down value method in respect
of assets acquired upto 31st December, 1969 and on straight-line method in
respect of other assets, at the rates prescribed in Schedule XIV of the
Companies Act, 1956.

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 Depreciation on differential increase in values arising out of revaluation is
recouped from Revaluation Reserve.

c) IMPAIREMENT OF ASSETS

The Company identifies impairable assets at the year end in accordance with
the guiding principles of Accounting Standard - 28, issued by the Institute of
Chartered Accountants of India, for the purpose of arriving at impairment loss
thereon, being the difference in the book value and the recoverable value of
the relevant assets. Impairment loss, when crystalises, are charged against
revenues for the year

d) INVESTMENTS

Non-Current investments are stated at cost unless there is a permanent

diminution in value.

e) INVENTORIES

Finished Goods and Components are valued at cost (Net of CENVAT Credit) or
net realizable value, whichever is lower.

Other inventories are valued at cost or net realizable value, whichever is lower.

Cost is determined on weighted average basis and includes expenditure

incurred in the normal course of business in bringing stocks and finished
goods to their location and condition including appropriate overheads
wherever applicable.

Cost of own manufactured components is determined by considering raw

material cost and proportionate share of labour and overheads.

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 Cost of Work-in-progress is determined by considering raw material cost plus
labour and overheads apportioned on an estimated basis depending upon the
stages of completion.

f) RESEARCH & DEVELOPMENT EXPENSES

Revenue Expenditure on Research and Development are charged to the

Statement of Profit and Loss of the year in which it is incurred. Capital
Expenditure is considered as addition to Fixed Assets and depreciated as
stated above.

g) FOREIGN CURRENCY TRANSACTIONS

Transactions in foreign currencies are recorded in rupees by applying the

rate of exchange ruling on the date of the transaction.
Monetary items denominated in foreign currencies at the year end are restated
at year end rates. In case of items which are covered by forward exchange
contracts, the difference between the year end rate and rate on the date of the
contract is recognised as exchange difference and the premium paid on
forward contracts is recognised over the life of the contract.
Non-monetary foreign currency items are carried at cost.
Gain or Loss on settled transactions are recognized in the Statement of
Profit and Loss except for purchase of fixed assets which are adjusted to
carrying amount of fixed assets. Unsettled transactions as at the year end are
translated at the closing rate and the gain or loss is recognized in the
Statement of Profit and Loss except for liabilities incurred for purchase of
fixed assets which are adjusted to the carrying amount of fixed assets.

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h) RETIREMENT BENEFITS

The Company contributes to Provident Fund and Superannuation Fund which

are administered by duly constituted and approved independent
Trust/Government and such contributions are charged against revenues every
year.

Accrued liability in respect of retirement gratuities are actuarially ascertained at the

year end as per the requirement of Accounting Standard 15 (Revised) on
Employee Benefit. The Company has created a Gratuity Fund under Group
Gratuity Scheme of L.I.C.I. under which yearly premium is being paid to take care
of current as well as past liability. The annual premium is charged to the Financial
Statements.

Accrued liability in respect of leave encashment benefits on retirement is

actuarially ascertained at the year end as per the requirement of Accounting
Standard 15 (Revised) on Employee Benefit and provided for in the Financial
Statements.

i) INCOME

Turnover is stated inclusive of discounts, but net of sales tax and excise duty and
represents the invoiced value of goods delivered during the year.

Income from installation and servicing is recognized in the Financial Statements

on completion of the job or as per stipulations in the contract and the
expenditure incurred but not invoiced is carried forward as work-in-progress.

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j) FINANCIAL DERIVATIVES AND HEDGING TRANSACTIONS

Financial derivatives and hedging contracts are accounted for on the date of their
settlement, and realized gain/incurred loss in respect of contracts is recognized
in the Statement of Profit and Loss alongwith the underlying transactions

k) BORROWING COST

Borrowing cost incurred in relation to acquisition or construction of assets

which necessarily takes substantial period of time to get ready for intended use
are capitalized/allocated as part of such assets. Other borrowing costs are
charged as expenses in the year in which they are incurred.

l) TAXES ON INCOME

Tax expense comprises of current and deferred tax. Current income tax is
measured at the amount expected to be paid to the tax authorities in accordance
with the Indian Income Tax Act. Deferred income taxes reflects the impact of
current year timing differences between taxable income and accounting income for
the year and reversal of timing differences of earlier years.

Deferred tax is calculated at current statutory income tax rates as applicable and
is recognised on timing difference between taxable income and accounting
income that originate in one period and are capable of reversal in one or more
subsequent period. Deferred tax assets subject to consideration to prudence are
recognised and carried forward only to the extent that there is reasonable
certainty that sufficient future taxable income will be available against which
such deferred tax assets can be realized.

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PROVISIONS, CONTINGENT LIABILITIES AND CONTINGENT
ASSETS

Provisions involving substantial degree of estimation in measurement are

recognized when there is a present obligation as a result of past events and it is
probable that there will be an outflow of resources. Contingent liabilities are not
recognized butare disclosed in the Notes. Contingent Assets are neither
recognized nor disclosed in the Financial Statements.

Cost of Product Warranties including provisions are included under the head
Miscellaneous Expenses, which includes cost of raw materials and
components for free replacement of spares, and other overheads.

48
MY LEARNING DURING TRAINING
1. Learnt to manage all vouchers in their respective files.
2. Learnt to do Balance Confirmation with vendors.
3. Learnt different types of transactions occurred in company.
4. Learnt the process for transaction from starting to an end.
5. Assist to provide vouchers while listing out payment list.
6. Understanding on VAT, TDS, Service Tax.

THANKYOU

PREPARED BY:-

SAINTI SHARMA

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