MIRA
INFORM REPORT
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Report Date : |
26.07.2007 |
IDENTIFICATION DETAILS
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Name : |
P M OFFSET PRINTERS |
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Registered Office : |
30, J C Industrial Estate, Yelachnahalli, |
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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 and Unlimited Liability of the Partners. |
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Line of Business : |
Subject Undertake Printing of Multicolour Carton, Calendars, Posters
Dispenser, Point of Sale, Catalogues, House Journals, Printing on Foam Sheets
(PVC), Labels, S-Fluted Cartons, Annual Reports, Greetings Cards, Garments
Tags, Books, Paper Carry Bags. |
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 20000 |
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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 re 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 and conditions. |
LOCATIONS
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Registered Office : |
30, J C Industrial Estate, Yelachnahalli, |
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Tel. No.: |
91-80-26665267 |
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Fax No.: |
91-80-26662803 |
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E-Mail : |
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Area : |
12000 sq. fts. |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. S G Ajay |
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Designation : |
Partner |
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Date of Birth/Age : |
40 Years |
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Qualification : |
Diploma In Printing Technology And Distinction |
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Experience : |
15 Years |
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Name : |
Mr. S G Vijay |
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Designation : |
Partner |
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Date of Birth/Age : |
40 Years |
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Qualification : |
B. Com. |
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Experience : |
15 Years |
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Name : |
Mr S G Radhakrishna |
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Designation : |
Partner |
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Date of Birth/Age : |
45 Years |
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Qualification : |
B. Com. |
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Experience : |
20 Years |
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Name : |
Mr. S Jagannath |
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Designation : |
Partner |
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Date of Birth/Age : |
52 Years |
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Qualification : |
B. Com. |
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Experience : |
25 Years |
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Name : |
Mr. S G Raghuram |
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Designation : |
Partner |
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Date of Birth/Age : |
44 Years |
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Qualification : |
B. Com. |
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Experience : |
20 Years |
BUSINESS DETAILS
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Line of Business : |
Subject Undertake Printing of Multicolour Carton, Calendars, Posters
Dispenser, Point of Sale, Catalogues, House Journals, Printing on Foam Sheets
(PVC), Labels, S-Fluted Cartons, Annual Reports, Greetings Cards, Garments
Tags, Books, Paper Carry Bags. |
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Products : |
Ø
Multi-color
cartons Ø
Calendars Ø
Posters Ø
Dispensers Ø
Catalogues Ø
House
journals |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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Terms : |
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Selling : |
L/C / Sight / Credit (30-45 days) |
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Purchasing : |
L/C / Sight / Credit (30 days) |
GENERAL INFORMATION
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Suppliers : |
Ø
Coats Ø
ITC Bhadrachalam Paper Boards Limited, Ø
Khanna Paper Boards, |
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Customers : |
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Media Fusion, Ø
J T I Industries, Ø
Karnataka Milk Federation, |
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No. of Employees : |
40 (35 In Production / Technical, 5 In Others) |
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Bankers : |
Central Bank of |
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Facilities : |
Mostly Operating on own funds |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Kincha and Company Chartered Accountants |
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Address : |
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Memberships : |
Ø
All Ø
Indian Institute of Packaging Ø
Karnataka Offset Printers Association |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
About Rs. 5.000 millions |
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Borrowed : |
-- |
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Total : |
About Rs. 5.000 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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32.5000 |
28.000 |
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Profit/Loss for the year |
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5 – 7% |
5 – 7% |
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Export Value |
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3.000 |
2.800 |
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Import Value |
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3.500 |
3.000 |
Average value of inventories at any given time Rs. 1.000 – 1.500
millions
LOCAL AGENCY FURTHER INFORMATION
As per website
details:
About Them
They take profound pleasure in
introducing ourselves as one of the leading manufacturers, importers and
exporters of a wide variety of multi-color
cartons, calendars, posters, dispenser, catalogues, house journals and other
products related to offset printing services. They provide one stop facility where the customers can get their
printing and other work done under one roof. Established in 1999, their company
is managed by highly proficient technocrats and talented personnel who are
backed by a vast experience and comprehensive knowledge about the industry.
Their main focus is to offer quality products to their customers and stick to
timely delivery schedules. Their aim is to deliver an unparalleled level of
quality with one objective of giving complete satisfaction.
Infrastructure
They are well-equipped with sophisticated machines and equally efficient
manpower. Their team is bound to fulfill the need of producing quality prints
from anything to everything, inclusive of labels, cartons, literature,
catalogues, house journals, etc. Their efforts to meet their customers'
requirement and specifications propel them to offer best results. They have
their own R&D department and a fully facilitated production house for good
quality of output.
Their Drive Towards Excellence
They consistently make attempts
to remain ahead of their competitors by bringing latest and innovative
technology in equipment and technology in the printing and packaging industry.
Due to their constant efforts towards excellence in providing support, services
and qualities of leadership, they have established a distinct reputation in the
domestic as well as international market. They are committed to manufacture premium
quality of printing products by adhering to industrial norms. All the quality
control measures are undertaken by a team of experts who maintain supervision
during the printing process.
Clients
Their dedication and commitment
for excellence has earned them many repeat orders. They have gained the support
of high profile clients from the countries like US,
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. |
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1 |
Rs. |
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Euro |
1 |
Rs. |
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 |
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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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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