MIRA
INFORM REPORT
|
Report Date : |
12.01.2007 |
IDENTIFICATION DETAILS
|
Name : |
STIC-ON
PAPERS PRIVATE LIMITED |
|
|
|
|
Registered Office : |
12-13-707,
Keemti Colony, Taranaka, Secunderabad-500017, Andhra Pradesh |
|
|
|
|
Country : |
|
|
|
|
|
Financials (as on) : |
31.03.2006 |
|
|
|
|
Date of Incorporation : |
30.08.1999 |
|
|
|
|
Com. Reg. No.: |
01-32393 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U21020AP1999PTC032393 |
|
|
|
|
IEC No.: |
902003481 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
HYDS05976F |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AAFCS1039P |
|
|
|
|
Legal Form : |
Private
Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturers
of labels, tapes and stickers |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD
20000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
Usually
Correct |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject
is a well-established company having satisfactory track records. Trade
relations are fair. General financial position is satisfactory. Payments are
usually correct and as per commitments. The
company can be considered normal for business dealings at usual trade terms
and conditions. |
LOCATIONS
|
Registered Office : |
12-13-707,
Keemti Colony, Taranaka, Secunderabad-500017, |
|
Tel. No.: |
91-40-27151776 |
|
Fax No.: |
91-40-27173349 |
|
E-Mail : |
|
|
Area : |
1000
Sq.ft. |
|
Location : |
Owned |
|
|
|
|
Factory
1 : |
Plot
No.2, CIE Expansion, Gandhi Nagar, Balanagar, Hyderabad-500037, |
|
Tel.
No.: |
91-40-23170220 |
|
Fax
No.: |
91-40-23170987 |
|
E-Mail
: |
|
|
Area : |
8000
Sq.ft. |
|
Location : |
Rented |
|
|
|
|
Marketed
by : |
Tel:91-11-6444108/ 6428764 Fax : 91-022-8244775 Residence : 91-022-8616536 Fax : 91-033-543-4637
Fax : 91-44-5272601 Website : www.stationeryworld.com |
|
|
|
|
Branches
: |
81,
Phase 3, Sri Venkateswara Co-op Industrial Estate, Hyderabad-500037, |
DIRECTORS
|
Name : |
Mr. K.
Karan Reddy |
|
Designation : |
Managing
Director |
|
Address : |
12-13-830,
Tarnaka, Secunderabad-500017, |
|
Date of Birth/Age : |
04.04.1969 |
|
Date of Appointment : |
30.08.1999 |
|
|
|
|
Name : |
Mr.
Hima Shaila |
|
Designation : |
Director |
|
Address : |
12-13-707,
Tarnaka, Secunderabad-500017, |
|
Date of Birth/Age : |
03.12.1975 |
|
Date of Appointment : |
28.08.2001 |
MAJOR SHAREHOLDERS
|
Names
of Shareholders |
No. of Shares |
|
Mr. K.
Karan Reddy |
40000 |
|
Mr.
Hima Shaila |
80000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturers
of labels, tapes and stickers |
|
|
|
|
Products : |
Label
Stock |
GENERAL INFORMATION
|
Bankers : |
Ø
Corporation Bank, Tarnaka Ø
HSBC Bank, Banjara Hills |
|
|
|
|
Facilities : |
Credit
Limit : Rs.4.500 millions (Dated 24.03.2006) |
|
|
|
|
Banking Relations : |
Satisfactory |
|
|
|
|
Auditors : |
Rajesh
& Lakshman Associates Chartered
Accountants, |
CAPITAL STRUCTURE
Authorised
Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
150000 |
Equity
Shares |
Rs.10/- each |
Rs.1.500 millions |
Issued,
Subscribed & Paid-up Capital :
|
No.
of Shares |
Type |
Value |
Amount |
|
120000 |
Equity
Shares |
Rs.10/- each |
Rs.1.200 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED
BALANCE SHEET
|
SOURCES OF FUNDS |
|
31.03.2006 |
31.03.2005 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
|
1.200 |
1.200 |
|
|
2] Share Application Money |
|
2.563 |
2.563 |
|
|
3] Reserves & Surplus |
|
0.740 |
0.564 |
|
|
4] (Accumulated Losses) |
|
0.000 |
0.000 |
|
|
NETWORTH |
|
4.503 |
4.327 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
|
3.258 |
0.000 |
|
|
2] Unsecured Loans |
|
8.056 |
4.554 |
|
|
TOTAL BORROWING |
|
11.314 |
4.554 |
|
|
DEFERRED TAX LIABILITIES |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
|
15.817 |
8.881 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
|
7.257 |
2.833 |
|
|
Capital work-in-progress |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
|
0.650 |
0.611 |
|
|
DEFERREX TAX ASSETS |
|
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
|
|
|
|
|
Sundry Debtors |
|
|
|
|
|
Cash & Bank Balances |
|
17.297 |
12.653 |
|
|
Other Current Assets |
|
|
|
|
|
Loans & Advances |
|
|
|
|
Total Current Assets |
|
17.297 |
12.653 |
|
|
Less : CURRENT LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
|
|
|
|
|
Provisions |
|
|
|
|
Total Current Liabilities |
|
9.445 |
7.294 |
|
|
Net Current Assets |
|
7.852 |
5.359 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
|
0.000 |
0.000 |
|
|
Preliminary Expenditure |
|
0.058 |
0.078 |
|
|
|
|
|
|
|
|
TOTAL |
|
15.816 |
8.881 |
|
PROFIT
& LOSS ACCOUNT
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
|
Sales Turnover [including other income] |
|
31.819 |
20.917 |
|
|
|
|
|
|
Profit/(Loss)
Before Tax |
|
1.228 |
1.560 |
|
Provision
for Taxation |
|
1.052 |
0.791 |
|
Profit/(Loss)
After Tax |
|
0.176 |
0.769 |
|
|
|
|
|
|
Total
Expenditure |
|
30.591 |
19.758 |
KEY
RATIOS
|
PARTICULARS |
|
|
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
|
0.55 |
3.68 |
|
|
|
|
|
|
|
Net
Profit Margin (PBT/Sales) |
(%) |
|
3.86 |
7.46 |
|
|
|
|
|
|
|
Return
on Total Assets (PBT/Total
Assets} |
(%) |
|
5.00 |
10.07 |
|
|
|
|
|
|
|
Return
on Investment (ROI) (PBT/Networth) |
|
|
0.27 |
0.36 |
|
|
|
|
|
|
|
Debt
Equity Ratio (Total
Liability/Networth) |
|
|
4.61 |
2.74 |
|
|
|
|
|
|
|
Current
Ratio (Current
Asset/Current Liability) |
|
|
1.83 |
1.73 |
LOCAL AGENCY FURTHER INFORMATION
Website Details :
Subject is into manufacturing self-adhesive labels tocks to cater
label printers from all over the country. The plant capacity at
At Rakesh Press, they
value all our customers and strongly believe that for them nothing but the best
will do. Their deep commitment in this direction has enabled them to keep all their
customers satisfied, while also meeting the tight deadlines on their jobs.
For this, they find it absolutely essential to keep up
with the latest trends in Printing Technology in updating our existing
machinery. They have recently acquired a CPC Five Colour KBA Planeta Offset
Printing Machine (size 28½" x 41½")-the first of its kind in the
country. This is, another step towards, ensuring the highest quality and
maximum efficiency by printing of all their multi colour jobs which include Magazines, Greeting Cards, Corporate
Brochures, Calendars, Annual Reports, Diaries, Books and Catalogues.
Like all good things, they get only better with time. They have been closely
associated with 'Greeting Card' industry in
On lines with their expansion plans, they have
recently imported a MOVPH Heidelberg CP-Tronic Four Colour Offset Printing
Machine (19"x25½) from
All this has been possible because to the constant
support, appreciation and goodwill of all their clients. With more than fifty
years in industry, they have to their credit a discerning clientele which
includes various multinational companies and today, they enjoy the reputation
of being one of the leading photo-offset printers in and around
Their relentless efforts have been sufficiently
rewarded. Besides being on the panel of the prestigious 'Directorate of
Advertising and Visual Publicity'(DAVP), 'India Tourism Development
Corp.'(ITDC), 'Indian Trade Promotion Organization' (ITPO) as one of the few
'A' class printers, they have also won several awards both at the national and
international level - most commendable of these being 'The Sixth World Print
Congress Award' in the year 1993, 'South Asian Print Congress' in 1996 and
'PAMEX' in 1997.
The old method, of leaving important notes and messages, through torn pages of
paper, pasted on with disfiguring bits of tape, is no longer acceptable in a
modern working environment.
They, at Rakesh Press Private Limited, have been involved in creativity
amalgamating fresh bright ideas with art and efficiency. The latest is an
exciting premium product :
Misplaced telephone messages, delayed meetings, memos, important notes, thank
you messages, payment reminders, even your forgotten list of groceries - Stic On is just the solution. Just
stick'em on and anyone wil get them right.
‘STIC Ons’ are now printed in
Subject is a personalised - magnetic way to convey
information.
It is an excitingly different gift for your special
customers who are tired of receiving planners, diaries, calendars, etc.
Subject helps to save time when one need it the most.
Subject works anywhere in office, factory, clinic,
school or at home. Just stick it on and see the difference., want it more.
Shape :
Available in rectangular, square, circular and custom
design die-cut shapes.
Size :
Available sizes are - 3"x2",
3"x3", 3"x4", 3"x5", 3"x6", 4"x5
¼" and 4"x6". In case customer have any special size
requirement, they'll be glad to assist them.
Colours :
Base colours presently available are white, yellow,
pink and blue. Logos and text matter can be printed in any two colours of your
choice.
Design It :
Experience the excitement of designing own Stic On.
CMT REPORT [Corruption, Money laundering & Terrorism]
The
Public Notice information has been collected from various sources including but
not limited to: The Courts,
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
|
Currency |
Unit
|
Indian Rupees |
|
US
Dollar |
1 |
Rs.44.32 |
|
|
1 |
Rs.86.11 |
|
Euro |
1 |
Rs.57.38 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
YES |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
46 |
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
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
|
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 |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
|
NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
|