Prasanth Dewatering Systems is a leading construction dewatering company in India with over 25 years of experience. The document discusses the company's expertise in dewatering methods like deep well point and surface dewatering systems. It also provides an overview of the dewatering market potential and upcoming projects in the UAE, and presents Prasanth Dewatering Systems as a trusted partner for dewatering needs due to its commitment to cutting-edge technology, environmental stewardship, and customized solutions. The conclusion restates the company's dedication to excellence and transparency.
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Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
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Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
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Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
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Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
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1. Sathish - September 2023
There’s nothing wrong
with staying small.You
can do bigthings with a
small team.
Business Proposal
2. Prasanth Dewatering Systems is one of the leading
Construction Dewatering companies in India.
It is a pioneer in the arena of Deep Well Point and
Surface De-watering Systems.
The company has at its helm experts from the industry
who has 25 years of experience.
We have our branches in overseas like Singapore,
Malaysia and Srilanka
Backed by decades of industry experience and
technical expertise we are committed to providing our
clients with high quality and cost-effective solutions to
their groundwater problems
About PDS
4. UpcomingProjects inUAE
Dubai
From $112,860
388 New Building
Jebel Ali
From $142,952
19 New Building
Abu Dhabi
From $227,149
14 New Building
Ras al-Khaimah City
From $144,844
3 New Building
Sharjah
From $102,066
3 New Building
UAE mega projects 2022:33 new developments in Dubai, Abu Dhabi and the Northern Emirates
From malls with ski slopes to record-breaking towers, there is a lot happening in the Emirates
459Building - UAE
UAE megaprojects: 27 Spectacular developments set to transform the nation
Dubai's Burj Binghatti, Abu Dhabi's museums, Sharjah's floating theatre - Here is a closer look at all the upcoming
projects that will shapes the UAE in the next 10 years
5. Upcoming Projects in UAE
Construction MarketProjection For theUAE
As per the United Arab Emirates Construction Market Report 2022-
2025, the UAE construction market is projected to expand by 4.2%
this year as the nation continues its excellent recovery from the
challenging two years caused by the COVID-19 outbreak. An
increase in COVID-19 instances would have a detrimental
influence on the construction industry's projected 3.7% annual
growth rate between 2023 and 2026
Global Data estimates that the market will be worth US$85.6 billion
in 2021. According to the survey, the commercial construction
industry is forecast to grow in absolute terms in 2022, which would
be aided by the tourism and hospitality industries' ongoing
recovery.
The UAE Intends To Invest US$23 Billion On Infrastructure
UAE Infrastructure Projects to hit $89.93 bn by 2026
The value of infrastructure projects in the UAE is expected to reach $89.93 billion
by 2026 according to a report by BMI Research.
The UAE is forecast to rank nineteenth among the biggest construction markets
in the world, which would account for 13.8% of the country's gross domestic
product (GDP) in the same year
6. The safe removal of excess water by dewatering can prevent hazards like
mudslides, unstable foundations and equipment failure due to bogging. This
also ensures your worksite is in a condition ready for excavation, foundation
preparation and cement footing pours
Purpose Of Dewatering
Dewatering is required for the following purposes:
To provide a dry area and permit construction to proceed efficiently.
To reduce lateral loads on sheeting and bracing in excavation.
To reduce the pressure of air in tunnelling operation.
To control the embankment seepage in dams.
To improve support characteristics of foundation materials.
MethodsOf Dewatering
There are various methods used for controlling the groundwater during an
excavation. Choosing the most suitable method of dewatering for a particular
site is a critical step.
1. Deep Well Dewatering Method.
2. Well Point Method.
3. Surface Dewatering Method.
Importanceof Dewatering
7. Competition in Dewatering
businessin UAE
WJ Middle East
Action International
Services L, L, C.Rainbow
mechanical & electrical
works
Dwex Dewatering ExpertsAl
Bader Trading FZC
Khansaheb
Dewatering
Al Majal
Dewatering
L.L.C.
8. ConstructionCompaniesin Dubai
Convrgnt Value Engineering
Al Naboodah
UNEC - United Engineering
Construction
Pravarthi Building Contracting
Arabtec
Saudi Binladin Group
Arabian Construction Co.
GCC General Construction
Company
ASGC
Civilco - Civil Engineering &
Contracting Company
Alec
Khansaheb
AI Sahel Contracting Company
(ASCC)
ADNAN
Dubai Contracting Company - DCC
9. Dewatering Pumps Market size was valued at USD 7.08
Billion in 2021 and is projected to reach USD 11.36 Billion by
2030, growing at a CAGR of 5.50% from 2023 to 2030.
The potential for a dewatering business in the UAE market
can be quite promising due to several factors:
Dewateringmarket potentialin UAE
Construction Boom
Infrastructure Development
Real Estate and Tourism
Water Management
Oil and Gas Industry
Environmental Regulations
Technological Advancements
10. To start a business in Dubai for Indians, we need to
follow the below steps.
Choose the right legal form for your business
Register the trade name
Apply for initial approval
Draft Memorandum of Association/Local Service
Agent Agreement
Get additional government approvals
Apply for Business License
Benefits of setting up a company in free zones of UAE
100% ownership
Exempted from paying taxes
Exempted from import/export duties
Cost of paperwork & business license - AED 16,000
Easeof doingbusinessin Dubai
11. PartnershipModels
General Partnership Limited partnership Limited Liability partnership
General Partnership
Ease of creation. No state filing is required. The partnership is created when the partners begin business activities.
Low cost of operation. Because general partnerships are not formed by means of a state filing, they are not required to
pay a formation filing fee, ongoing state fees or franchise taxes. The partnership must still obtain the business licenses and
permits required for operation however.
Few ongoing requirements. Unlike corporations, general partnerships are not required to hold annual meetings of the
owners, issue partnership interest, and keep personal asset separate from business assets. Having a partnership
agreement that outlines how the partnership will be managed, the roles of each partner, and what events will cause the
partnership to end operations is recommended.
12. Limited partnership
Unlimited liability for general partners only. In a limited partnership (LP), at least one partner has
unlimited liability—the general partner(s). The other partners (limited partners) have limited liability,
meaning their personal assets typically cannot be used to satisfy business debts and liabilities. The
amount of their liability is limited to their investment in the LP.
Limited partners are not involved in management. The general partners oversee the day-to-day
operations of the LP. Limited partners are basically silent investors.
Short-term projects/ventures. LPs are often the business type of choice for special situations versus
true businesses. For example, films are often formalised as LPs and family estate planning often utilises
LPs.
Limited Liability partnership
Professional service businesses. Limited liability partnerships (LLPs) can only be created by certain
types of professional service businesses, such as accountants, attorneys, architects, dentists, doctors,
and other fields treated as professionals under each state’s law.
Personal asset protection. The personal assets of the partners in an LLP typically cannot be used to
satisfy business debts and liabilities. The LLP does not shield the partners for liability for their personal
acts. Put simply, the LLP cannot limit the liability of owners for their own malpractice.
13. With a profit-sharing plan (PSP), employees receive an amount
based on the company's earnings over a specific period of time
(e.g., a year). Generally, an employee receives a percentage or
dollar amount of the business's profits either in cash or
company stock
60/40 Allocationand Distribution
Typically the partner with the less percentage share would take
on less responsibilities of the company. The profits and losses of
the partnership shall be divided by the partners according to a
mutually agreeable schedule.
80/20 Partnership model
An example is when Individual #1 and Individual #2 form a
partnership company, and Individual #1 runs firm and is
responsible for its daily operations, thus they receive 80% of the
profit while the less active Individual #2 gets 20%. Often
partners invest different capital amounts to launch the
company.
Profit-sharing
model of a
business?
14. Divideby Responsibility
Partners can decide to divide profits by responsibility. The amount of
responsibility a partner has is usually known by the partners when the
partnership is formed. For example, Partner A and Partner B form a
partnership. Partner A is responsible for most of the day-to-day operations of
the small business. Due to Partner A's added responsibility, the partnership
agreement is drafted to state, "Partner A shall receive 80 percent of profits
and Partner B shall receive 20 percent of profits each year.
Responsibilitiesof Partners
Capital Contribution tothe Partnership
When forming a partnership, partners can give as much or as little capital to the partnership
as they want. Often, one partner will contribute more to the partnership than another partner. If
this is the case, the partner may want to share profits based on the amount of contribution he
makes. In this example, if Partner A contributes $400,000 in capital and Partner B contributes
$100,000, then the partners could add a clause to their partnership agreement stating,
"Partners shall divide profits based on the proportion of capital in the partner's capital
accounts on the last day of the year." Here, Partner A would receive 80 percent of profits, and
Partner B would receive 20 percent of profits.
15. Mixture of Factors
The profit-sharing ratio can be any arbitrary number the partners
agree upon. This means the partners can look at the two main
factors and negotiate a profit-sharing ratio both find mutually
beneficial. As long as the terms are agreed upon and in the
partnership agreement, that is how the partners will split the profits.
For example, Partner A contributes $400,000 of capital and has
a majority of the responsibility in the partnership. Partner B
contributes $100,000 of capital and does not help much in
partnership responsibility. The partners can agree that Partner
A receives 10 percent of profits and Partner B receives 90
percent of profits, or vice versa. The partners must agree but
absent an agreement, they will share profits evenly.
Contributions and Profits
The partnership agreement must also include the capital contributions of each partner. The
partners can contribute cash reserves, physical assets or expert services to the partnership.
The partners must agree on the value of non-cash contributions and determine each
partner's share in the venture. In most instances, partners will share the business's profits in
direct proportion to their capital contributions. For instance, if Partner A contributes 75
percent of the partnership's capital and Partner B contributes 25 percent, they will split the
profits along those same percentages.
16. Death and Dissolution
In the event that a partner dies or withdraws from the partnership, the agreement details how the remaining partners
can acquire the departed partner's shares. Partners who depart voluntarily must give sufficient notice to the remaining
partners, usually 30 to 60 days. The remaining partners can buy out the departed partner's capital contributions, pay his
share of the profits and the balance and interest on any unpaid loans due to that partner.
20. Conclusion
In conclusion, Prashanth Dewatering Service is poised to be your trusted partner in all your dewatering
needs. With our commitment to cutting-edge technology, environmental responsibility, safety, and cost-
effectiveness, we are ready to tackle even the most complex projects. Our team's expertise and dedication
ensure that we provide customised solutions that meet your unique requirements, delivering results that
exceed your expectations.
We believe in transparent communication, rapid response, and a focus on creating value for our clients. By
choosing Prashanth Dewatering Service, you're not just selecting a dewatering service provider; you're
choosing a long-term partner who shares your goals and values.
We look forward to the opportunity to work together and demonstrate our unwavering commitment to
excellence. Thank you for considering Prashanth Dewatering Service for your dewatering needs. Please
don't hesitate to reach out to us to discuss your upcoming projects or any questions you may have.
Together, we can achieve success and build a sustainable future."
+91 98407 11116
Contact Us
www.prasanthdewatering.com
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