MIRA
INFORM REPORT
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Report Date : |
17-Jun-2006 |
IDENTIFICATION
DETAILS
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Name : |
LINE O
MATIC GRAPHIC INDUSTRIES |
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Registered Office: |
234,
GIDC Naroda, Phase Opposite. Bright Gas Agency,Near Mini Textile, Naroda
Telephone Exchange Road, Naroda Ahmedabad 382230 Gujrat,
India |
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Country : |
India |
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Financials (as on) : |
31.3.2006 |
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Date of Incorporation : |
1997 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
AHML002340 |
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Legal Form : |
Sole
Proprietory Concern |
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Line of Business : |
Subject
is engaged in as manufacturer of Automatic reel to sheet ruling machine for
making exercise notebooks |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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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
40000 |
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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 a well established concern having a satisfactory trade. Trade relations
are fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The
concern can be considered normal for business dealers as usual trade and
condition. |
LOCATIONS
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Registered Office : |
234,
GIDC Naroda, Phase I ,Opp. Bright Gas Agency, Near Mini Textile, Naroda
Telephone Exchange Road, Naroda
Ahmedabad 382230 Gujrat, India |
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Tel. No.: |
91-79-22842849/22804848 |
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Fax No.: |
91-79-22842849 |
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E-Mail : |
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Website : |
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Area : |
500.sq.mtrs., |
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Location : |
Owned
premisies |
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SOLE PROPRIETOR
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Name : |
Mr
.Uday C.Patel |
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Designation : |
Proprietor |
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Mobile : |
91-9824039966 |
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Age : |
45 yrs |
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Experience : |
25 yrs
in the field of manufacturing paper & converting machinery. |
KEY EXECUTIVES
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Name
: |
Mr. H.
T. Hirpara |
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Designation
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G.M –
Exports. |
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Mobile
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91-9824443663 |
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Name
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Mr.
Swapnil patel |
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Designation
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Marketing. |
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Mobile
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91-
9825006061 |
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Name
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Mr.
Ashish Patel |
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Designation
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Service
division. |
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Mobile
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91-
9824091115 |
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Name
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Mr.
Brijesh upadhya |
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Designation
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Parts
Supply Division. |
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Mobile
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91-9824443661 |
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MAJOR SHAREHOLDERS
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the business of : mfr of Automatic reel to sheet ruling machine
for making exercise notebooks. |
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Products : |
Subject
offer notebook machine, four color machine, ruling machine with inserter,
high speed machine and other range of binding machine, A4 copier sheeter
machine. Its range of ruling machine and notebook binding machine includes: |
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Exports to : |
Africa
& middle East |
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Imports from : |
Reputed
mfrs. and suppliers in Europe against L/c |
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Terms : |
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Selling : |
Cash
& credit up to 60 days. |
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Purchasing : |
L/c
DA, Documents Through Bank. |
GENERAL
INFORMATION
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Bankers : |
STATE
BANK OF INDIA Naroda
Road Branch, Ahmedabad – 382 330 CITIBANK
N.A C.G.
Road Branch, Ahmedabad- 380 006 |
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Facilities : |
STATE
BANK OF INDIA Credit
Limits : Rs.5.Million |
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Banking Relations : |
Satisfactory
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital
Investment : |
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Owned : |
Rs
:10.000 millions |
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Borrowed : |
-- |
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Total : |
Rs
:10.000 millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover |
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50.000 |
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Export
Value |
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30.000 |
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Import
Value |
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20.000 |
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Average
stock is maintained: Rs.5.millions
LOCAL AGENCY
FURTHER INFORMATION
Ruling Machines
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Mr. Uday Patel is the proprietor of LINE O
MATIC GRAPHIC INDUSTRIES at the young age of 45 with twenty five
years of experience in the field of manufacturing paper and converting
machinery. With very dynamic and energetic attitude is always looking for
innovation and upgradation of technology in his equipments. A perfect technical
person who developed automatic reel to sheet rulling machine first time in
INDIA in 1991 and brought great revolution in paper industries in INDIA and now
LINE O MATIC GRAPHIC INDUSTRIES is the leader and most reputed company in the
ruling industries.
PROFILE
Line O Matic Graphic Industries is prominent manufacturers, exporters of
high-performance Automatic Reel to Sheet Ruling Machine and other machines like
Folding, Central thread Sewing and Folding, Taping Machine, Pasting machine,
Hydraulic Book press machine, Round Corner Cutting machine, Book Back Press
machine ,etc…
It is a leading concern which has established its credentials on the
basis of technologically superior and innovative machines. It was established
in 1997 by a group having experience of over thirty years in the graphic and
printing industry. The company also pioneered in automatic reel to sheet ruling
machine and automatic folding machine in India.
In a very short span the company has leap-frogged to witness some
amazing ascents in its sales graph. It also excelled in developing three color
machines, ruling machine with inserter, high speed machine and other range of
binding machines, A4 copier sheeter machine.
Under the dynamic leadership of Mr. Uday Patel, the company strongly
focuses on incorporating innovative technology in its production facility
located in Naroda, Gujarat. Due to its tireless efforts and customer oriented
policies the company enjoys a special status amongst its buyers in India &
abroad for quality and after-sales service.
An expert workforce and a research and development doing form its key
strengths. The company assures super fast delivery of goods and an excellent
service backed with innovative technology. It seeks to establish trade
relations with buyers looking for top-of-line graphic, binding & other
paper converting machinery.
Ruling Machines
- Automatic Reel
to Sheet Normal Speed Ruling Machine
- Automatic Reel
to Sheet Mini High Speed Ruling Machine
- Automatic Reel
to Sheet High Speed Ruling Machine
- Automatic Reel
to Sheet Super High Speed Ruling Machine
Binding Machines
- Folding Machine
- Central Thread
Sewing & Folding Machine
- Taping Machine
- Hydraulic Book
Press Machine
- Round Corner
Cutting Machine
- Pasting Machine
- Book Back Press
Machine
CMT REPORT [Corruption, Money
laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts, India Prisons Service, Interpol, etc.
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
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Currency |
Unit
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Indian Rupees |
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US
Dollar |
1 |
Rs.45.91 |
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UK
Pound |
1 |
Rs.84.63 |
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Euro |
1 |
Rs.57.74 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
5 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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42 |
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
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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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 |
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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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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |