MIRA
INFORM REPORT
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Report Date : |
10.02.2007 |
IDENTIFICATION
DETAILS
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Name : |
UTILITY
PRINTPACK PRIVATE LIMITED |
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Registered Office : |
A2/155,
Shah and Nahar Industrial Estate, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
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Country : |
India |
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Financials (as on) : |
---- |
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Date of Incorporation : |
20.10.2006 |
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Com. Reg. No.: |
11-165210 |
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CIN No.: [Company
Identification No.] |
U74950MH2006PTC165210 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMU05055B |
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PAN No.: [Permanent
Account No.] |
AAACU8654M |
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Legal Form : |
Private
Limited Liability Company |
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Line of Business : |
Subject
is engaged in the business of manufacture, trade, import, export of printed
cartons, labels, poster and corrugated boxes, paper board, films, foils, inks
and printing accessories. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
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Status : |
New
Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject
is a new company promoted by experienced and respectable promoters. Directors
are reported as experienced and respectable businessmen. Trade relations are
reported as fair. Business is active. Payments are reported as usually
correct and as per commitments. The
company can be considered for small business dealings at usual trade terms
and conditions. |
LOCATIONS
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Registered
Office : |
A2/155,
Shah and Nahar Industrial Estate, Lower Parel (West), Mumbai – 400013,
Maharashtra, India |
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Tel.
No.: |
91-22-24910066
/ 24929627 / 3743 / 7991 |
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Fax
No.: |
91-22-24939138 |
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E-Mail
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Website
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Vasai
Factory : |
Utility
House, 3-7 Kalpataru Industrial Estate, Chinchpada, Waliv, Vasai (East),
Thane – 401208, India |
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Tel.
No.: |
91-250-2453184 |
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Fax
No.: |
91-250-2454087 |
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E-Mail
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Website
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DIRECTORS
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Name : |
Mr
Manoj Balvantrai Mehta |
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Designation : |
Chief
Executive Officer and Managing Director |
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Address : |
A-102,
Blue Star Crystal Apartments, Sodawal Lane, Borivli (West), Mumbai – 400092,
Maharashtra, India |
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Date of Birth/Age : |
26.05.1958 |
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Directorship in other companies : |
CIN of
company : U28991MH2004PTC147727 Name
of company : Utility Cartons Private Limited |
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Name : |
Me
Mukesh Balvantrai Mehta |
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Designation : |
COO
and Joint Managing Director |
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Address : |
602,
Sunrise View, L T Road, Vazira Naka, Borivli – (West), Mumabi – 400091,
Maharashtra, India |
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Date of Birth/Age : |
08.04.1960 |
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Directorship in other companies : |
CIN of
company : U28991MH2004PTC147727 Name
of company : Utility Cartons Private Limited |
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Name : |
Mr
Jinesh Manoj Mehta |
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Designation : |
Executive
Director |
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Address : |
A-102,
Blue Star Crystal Apartments, Sodawal Lane, Borivli (West), Mumbai – 400092,
Maharashtra, India |
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Date of Birth/Age : |
06.06.1985 |
MAJOR SHAREHOLDERS
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Names
of Shareholders |
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No. of Shares |
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Mr
Manoj Balvanrai Mehta |
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5000 |
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Mr
Mukesh Balvanrai Mehta |
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5000 |
BUSINESS DETAILS
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Line of Business : |
Subject
is engaged in the business of manufacture, trade, import, export of printed
cartons, labels, poster and corrugated boxes, paper board, films, foils, inks
and printing accessories. |
GENERAL INFORMATION
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Auditors : |
Mittal
and Associates Chartered
accountants |
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Address : |
1st
Floor, M K Bhavan, 300, shahid Bhagat Singh Marg, Mumbai – 400001,
Maharashtra, India |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
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50,000 |
Equity
Shares |
Rs 10/- each |
Rs 0.500 Millions |
FINANCIAL DATA
[all figures are in Rupees
Millions]
No
financials as new company.
LOCAL AGENCY
FURTHER INFORMATION
COMPANY’S SUCCESS STORY
The outstanding success of Utility Printers
is due to the vision and guidance of Mr. Manoj Mehta.
Mr. Mehta is not only the CEO and the life force of Utility Printers,
but he is also the holder of many other prestigious offices, such as
- Hon. Gen. Secratary AIFMP
- President FPLA
- Hon. Secratary and Treasurer BMPA
- Past-President, Maharashtra Laminators Association
- Chairman, Export promotions, AIFMP
He is also the
recepient of many awards, honours and certificates at the national and
international levels.
Recent Achievements
The
‘quality’ packs of companies ‘quality’ clients have hit the list for a number
of recognised laurels. Some of the recent achievements include :
|
Year |
Name of Award |
Number of Awards |
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2004 |
World
Packaging Organisation World
Star Award |
3
Awards |
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2004 |
Asian
Institute of Packaging Asia
Star Award |
3
Awards |
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2004 |
Indian
Institute of Packaging India
Star Award |
8
Awards |
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2003 |
World
Packaging Organisation World
Star Award |
1
Awards |
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2003 |
Asian
Institute of Packaging Asia
Star Award |
2
Awards |
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2002 |
AIFMP Best
PaperBag |
1
Awards |
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2002 |
Best
Innovative Packaging |
2
Awards |
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2002 |
Best
Packaging Printed
Carton |
2
Awards |
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2000 |
Innovative
Packaging National
Star World |
1
Awards |
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2000 |
For
Excellence in Printing National
Award |
2
Awards |
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2000 |
Print
Awards Best
Printed Cartons |
3
Awards |
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2000 |
Print
Awards Best
Innovative Packaging |
3
Awards |
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2000 |
For
Excellence in Printing South
Asia Print Congress International Award |
4
Awards |
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1999 |
For
Excellence in Printing National
Award |
1
Awards |
Abreast of the very best
Utility Printers
understand rather well the technological aspects of packaging. The materials
and processes; the shapes and sizes; in its myriad aspects. And the imagery;
creativity in the design, combination of colours, the style; beauty - that
sells. Company keeps abreast of international trends in print and production by
participating in prestigious and relevant trade fairs.
Expertise
you can rely on
Better design has been and still
continues to remain the exclusive preserve of the professional designer - a
talented tribe that forms Company’s core competence and in conjunction with hi-tech
machinery; Company creates packaging for your products that are eye-arresting,
economically viable and effective.
UTICAD – Company’s package solution and design center is an
ultra-modern one, equipped with high-end systems, scanners and the latest software
from Esko (Barco) Graphics. Company’s experience and an in-depth understanding of
consumer psychology and preferences is a key element in giving a product its
competitive edge in today's marketplace.
The designers are able
to translate their imagination by the state-of-the-art machines on the
production floor. Company logos, brand names, fonts, design elements, textures
and colours combine admirably with numerous production facilities like
embossing, foil stamping, UV varnishing, UV spot coating, die cutting - and
many others - to give your product packaging that feel and that market
impacting style.
As national and international travel
makes the world smaller, these implications make packaging continually and
consistently critical. Quality therefore in all its aspects is the underlying
mantra at Utility.
Company strongly believe in Total
Quality Management (TQM) and have designed appropriate checking
systems for all departments involved. Company’s Quality Policy is the total
satisfaction of both internal and external customers - quality is in the
PROCESS and "each department" is treated as a customer. Company
believes that Quality is not just about confirming to a set of standards, but
rather enhancing them. Company’s employees are committed to understanding and
meeting customers' evolving needs. Quality is inbuilt in each
organ of Utility: Its service, equipment and staff!
Company’s Quality
Assurance Lab is an ultra-modern one, comprising of the following equipment:
- Pantone Light Box (with UV light capability)
- Thickness Tester (Caliper meter)
- Ink Scuff-ness Tester
- Bond Strength Tester
- Air Blown Oven
- BYK Gardner Micro-Gloss (Tri-Glossmeter)
- Techkon GmbH SD 600 Spectro-Densitometer
- Pantone Colour Cue (Colour Identifier)
Due to the continuous
support of the clients accompanied with impregnable expertise, Utility
has been bestowed with a wealth of rewards. Please visit the Awards section to
have a glance at company’s latest achievements.
ONE STOP PRINT-PACK SERVICE
Utility
offers an entire gamut of printing and packaging services in-house under
one-roof, so that you are never harried or made to run around in circles!
Company uses their market knowledge to develop an understanding of company’s
customers' products, markets, supply chain, production operations and values.
This ensures that company don't just produce packaging but develop solutions
that will enhance their brands
At Utility, Company has formed a cell of experts, professionals,
who guide and advise clients on the type of packaging suitable for their
products, taking into consideration factors such as tensile strength / load
bearing tolerance levels of various materials depending on their thickness,
shelf life, stability, sensitivity to external pressures, humidity and
temperatures.
Company’s R&D team works round the clock to address
new issues and develop new solutions. Company has proved their expertise in achieving
first-rate ink adherence on various substrates including 'plastics' and 'foil
laminated paperboard'.
CLEAR PACKAGING
In today's competitive world, it becomes
difficult for the consumer to pick up one of the many similar products off the
shelf. The solution - "Show them your products" with the help
of Utility's Transparent Packaging concept.
Company has
got the grip on excellent quality printing on PVC, PET and PP materials.
Contact one of company’s sales offices for more information on substrates, samples and
quotations.
Company’s Services include:
- Package Design @ UTICAD (Company’s in-house Package Solution and Design
center)
- Digital and on-line 3D proofing
- Remote-online upload of artwork (through Company’s FTP server)
- Processing
- Printing (Offset, UV Offset, Silk screen)
- Surface enhancement (lamination, UV varnishing - full and spot, hot
foil stamping, graining, embossing)
- Converting (including soft die-cut & foil stamped plastic
cartons)
Company’s complete service back -up includes other marketing necessities that
you may need to address, like point-of-purchase material, calendars, folders,
catalogues, brochures and mailers. All produced attractively, effective for the
purpose produced, at reasonable cost and at standards with the best in the
world.
The power of packaging is phenomenal.
It is one of the most effective marketing tools, more often than not yielding
much higher returns than advertising.
Gone are the days when packaging was a
mere cover for protection of a product from damage during handling, transport
and storage. Today packaging is power - and like how !
It is a strong definitive marketing
tool used to accomplishing the goals of product awareness, image and identity
formation, and incentive to purchase.
Company understands
this, and keep tabs on changing consumer expectations, life styles and colour
trends, and make allowances for cultural diversity in local and global
marketing.
Company do understand
too that there are monumental changes that are happening the world over, and
that marketers will require to respond to them by being quick and decisive in
their packaging and branding strategy - Company is right there besides them in speed and
delivery.
The power of packaging - raw and elegant, push
and punch. Company calls it Power
Packaging.
Business
Subject is engaged in the business of processes and services like
corrugation, varnishing, coating, lamination, bronzing, foil stamping,
embossing, photographing, positive and negative making, plate making, cylinder
making, block making, art work preparation.
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 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
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Indian Rupees |
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US
Dollar |
1 |
Rs.44.17 |
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UK
Pound |
1 |
Rs.86.10 |
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Euro |
1 |
Rs.57.26 |
SCORE &
RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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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 |
YES |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
|
30 |
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 |
|
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 |
|
26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
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 |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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