MIRA
INFORM REPORT
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Report Date : |
06.07.2007 |
IDENTIFICATION DETAILS
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Name : |
WONDER PAC |
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Registered Office : |
308, Vardhman Grand Plaza, Plot No. 7, Manglam Place, Sector 3,
Rohini, New Delhi – 110085 |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1999 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturer and supplier of Holograms, Security Seals, Stickers and
Labels. |
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 30000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessmen.
Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
308, Vardhman Grand Plaza, Plot No. 7, Manglam Place, Sector 3,
Rohini, New Delhi – 110085, India |
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Tel. No.: |
91-11-27948334 / 27948338 / 65737601 / 6521462 / 6416844 |
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Mobile No.: |
91-9911449107 / 9810209107 |
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Fax No.: |
91-11-27948334 |
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E-Mail : |
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Website : |
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Area : |
200 sq. ft. |
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Location : |
Owned |
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Factory : |
234, Phase IV, HSIDC, Kundli, District Sonepat, Haryana |
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Tel. No.: |
91-130-6521462 / 6416844 |
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Area : |
7000 sq. ft. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Trilok Mittal |
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Designation : |
Partner |
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Address : |
F-22/159, Sector – 3, Rohini, Tel No. : 91-11-32934523 |
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Date of Birth/Age : |
32 Years |
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Qualification : |
Graduate |
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Experience : |
10 Years |
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Name : |
Mrs. Meenakshi Mittal |
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Designation : |
Director |
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Address : |
F-22/159, Sector – 3, Rohini, Tel No. : 91-11-32934523 |
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Date of Birth/Age : |
28 Years |
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Qualification : |
Graduate |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and supplier of Holograms, Security Seals, Stickers and
Labels. |
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Products : |
Labels ·
Barcode
Labels ·
Security
Labels ·
Printed
Labels ·
Promotional
Labels ·
Food
Labels ·
Laser
Labels ·
Self
Adhesice Labels
2D/3D hologram ·
Security
Holograms
·
Holographic
Strip Labels ·
Promotional
Holograms ·
Holograms
with Variable Information ·
Instagram
(Stock Design Holograms) ·
Holographic
Pouches ·
Hot
Stamped Holograms ·
Holographic
Pharma Foils ·
Scratch
Holograms ·
Holographic
Induction Cap Seals ·
Hologram
Seals ·
Holographic
Shrink Sleeves
Application ·
Alcohol
& Beverages
·
Pharmaceuticals ·
Food
Industry ·
Lubricants
and Electronics
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Cosmetics ·
Clothing
and Post Tags
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Automobiles ·
Retail
Outlets and Showrooms ·
Parking
Areas ·
ATMs ·
Cineplexes ·
Stationery
Products ·
Toys
and Glass Products ·
Barcode
Printing ·
Hang
Tags |
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Terms : |
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Selling : |
Cash or credit of 45-90 days |
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Purchasing : |
Cash or credit of 30 days |
PRODUCTION STATUS
Capacity to increase production by : 50 %
GENERAL INFORMATION
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Customers : |
National Highway Authority of |
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No. of Employees : |
40 |
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Bankers : |
Punjab National Bank, Darya Ganj, |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Memberships : |
Hologram Manufacturer Association
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 7.500 Millions |
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Borrowed : |
-- |
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Total : |
Rs. 7.500 Millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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25.000 |
21.000 |
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Profit/Loss for the year |
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12 % |
12 % |
Expected Sales (2007-08) : Rs. 30.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Profile
The decision
to integrate authentification system into the company's product line is a
positive marketing step as well as a prudent economic choice. It assures the
customers that the product is genuine, reducing the sale and use of counterfeit
products, providing potential forensic information for prosecution, and also
enhancing the visual appeal of the product and its packaging. Subjects are a
renowned name in this field offering the most exciting solutions for brand
authentification. They are an eminent manufacturer
and supplier of a massive range of Holograms, Security Seals, Stickers and Labels. As an ISO
9001:2000 certified company, they use highly sophisticated technologies, and
thus, all their products offer an unbeatable combination of perceived authenticity
and value. Starting with a vision to deliver standardized solutions for clients
to protect their brands, they have made various product innovations over the
years. Subsequently, they have carved a niche for their selves in the industry
as a highly reliable brand providing the highest standards of security and
customized products to suit the clients' exact requirements.
Established in the year 1999 and exhibiting a show of wonder, since the very
beginning, they have come a long way to serve the business with their brand
authentification solutions. With the credit of playing the pioneering role in
the introduction and popularization of 3D custom holograms in
Their mission is to consistently provide high quality holographic solutions,
which can enable customer to protect, preserve and promote their brand, image and
enhance the reputation. They specialize in multi-colour printing of labels with
custom-made holographic stamping and workmanship, offering supreme satisfaction
to their customers. Today, WonderPac confidently stands as a self-reliant
entity and is one of the most technically advanced companies.
They
started their Holographic Division in the year 1999 and began printing various
types of label substrates after installing highly sophisticated six colour
Rotary Mark Andy Printing machines in their manufacturing unit.
Labels
Labels are critical
in creating brand awareness for a company as they define its product in the
market. End consumers often identify a company's product thorugh its labels and
hence it becomes imperative for a company to invest in high quality labelling.
Wonder
Pac is a one stop source for customized labels of all genres. They have
installed a six color Mark Andy 2200flexo printing machine that has colorful
touch screen controller. They provide you the best printing facility.
They are a leading hologram manufacturer and strive hard to provide the best
quality in the industry. They offer the best solutions for brand
authentification with their range of holograms providing substantial effects
like kinetic effect, colour effect,
2D/3D hologram, flip-flop effect, demetalization, 3D holograms, holographic
texts, dot matrix, etc.
Application
of Products
Holograms, Security Seals, Security Labels and Stickers are applicable to
develop one's brand image and security. They offer a wide range of these
products for document authentification, brand promotion, product
authentification, and brand image enhancement.
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Higher level of security
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Fully integrated and modern manufacturing facilities
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Highly qualified and skilled manpower
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Top quality products and services
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Latest technological innovative products
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100% customer satisfaction guaranteed
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Customer specific solutions
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Presence in all the metros of
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Access to global technology
- Security solution provider as per
customer's need.
Quality
They are quality driven company with their sole aim of providing clients the
best solutions for product authentification through world class security
holograms, labels and stickers. To provide the best anti-counterfeiting
technology, they have a dedicated Research and Development team to develop new
products and thus, keep their selves steps ahead of others in the industry.
They endeavor to keep track of all the latest technologies in their field and
incorporate them in their products to ensure the best solutions for their
clients to prevent counterfeiting.
Infrastructure
Backed by a strong infrastructure, they strive to deliver products of high
quality. Their manufacturing processes utilize the latest technologies and
techniques, thus, making it virtually impossible for the counterfeiters to
create fake products or forge documents. They have an extensive network offering
efficient and prompt after sales service. Their focus has always remained to
deliver the highest quality products, catering to suit the customer’s
requirements and delivering products within the stipulated time.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.40.46 |
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1 |
Rs.81.29 |
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Euro |
1 |
Rs.54.96 |
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 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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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 |
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 |
NO |
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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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45 |
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 |
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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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