MIRA
INFORM REPORT
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Report Date : |
28.06.2007 |
IDENTIFICATION DETAILS
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Name : |
TECHNOVA IMAGING SYSTEMS
PRIVATE LIMITED |
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Formerly Known As : |
TECHNOVA PLATE MAKING SYSTEMS LIMITED |
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Registered Office : |
Laxmi Mills Estate, Sakti Mills L, Off. |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Date of Incorporation : |
29.08.1979 |
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Com. Reg. No.: |
11-21699 |
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CIN No.: [Company
Identification No.] |
U74999MH1979PTC021599 |
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IEC No.: |
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MUMT10262A / MUMT01213C |
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TAN No.: [Tax
Deduction & Collection Account No.] |
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AAACT2165J |
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PAN No.: [Permanent
Account No.] |
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Legal Form : |
Private Limited Liability Company. |
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Line of Business : |
Manufacture of Imaging Products for the Graphic Arts Industry. Exporter of Offset Plates, Chemicals, Inkjet, Laser, Design and Drawing Media. |
RATING & COMMENTS
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MIRA’s Rating : |
A |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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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Maximum Credit Limit : |
USD 1700000 |
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Status : |
Good |
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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 company having fine track. Available information indicates high financial responsibility of the company. Their trade relations are fair. Financial position of the company is good. Business is active. Payments are usually correct and as per commitments. The company is making satisfactory progress in its business. Trade relations are reported as fair. Payments are usually made as per commitments. It can be considered normal for business dealings at usual trade terms conditions. |
LOCATIONS
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Registered Office : |
Laxmi Mills Estate, Sakti Mills L, Off. |
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Tel. No.: |
91-22-24983390 – 98 |
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91-9820194313 |
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Fax: |
91-22-24950322 |
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Email: |
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Website: |
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Overseas office : |
Located at : |
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Factory 1 : |
Laxmi Mills Estate, Off |
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Factory 2 : |
E – 1/2/3, MIDC Taloja, Raigad – 410208 |
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Tel. No.: |
91-22-27412463 |
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Fax No.: |
91-22-27410261 |
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Branches : |
Located at :
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DIRECTORS
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Name : |
Mr. Pranav N. Parikh |
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Designation : |
Chairman & Managing Director |
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Address : |
18 A, Manek, L. D. Ruparel Marg, Mumbai - 400 006, |
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Date of Birth/Age : |
18.02.1943 |
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Qualification : |
B.Com., MBA
Havard |
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Date of Appointment : |
29.08.1979 |
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Previous Employment: |
Printwell |
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Name : |
Mr. Jivan G. Bhatt |
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Designation : |
Executive Director and Chief Executive Officer |
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Address : |
301, KT - 29, Girija, 12th Cross, Malleswaram, |
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Date of Birth/Age : |
23.10.1952 |
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Qualification : |
M.Sc. ( |
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Date of Appointment : |
01.01.1989 |
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Name : |
Ms. Shelina P. Parikh |
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Designation : |
Director |
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Address : |
18 A, Manek, L. D. Ruparel Marg, Mumbai - 400 006, |
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Date of Birth/Age : |
25.07.1968 |
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Date of Appointment : |
08.07.1994 |
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Name : |
Mr. Arvind N. Parikh |
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Designation : |
Director |
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Address : |
8, Palmera, L. D. Ruparel Marg, Mumbai - 400 006, |
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Date of Birth/Age : |
19.10.1927 |
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Date of Appointment : |
29.08.1979 |
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Name : |
Mr. Jagdish N. Parikh |
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Designation : |
Director |
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Address : |
6B, Brighton, |
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Date of Birth/Age : |
07.02.1930 |
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Date of Appointment : |
29.08.1979 |
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Name : |
Mrs. Snehal A. Parikh |
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Designation : |
Director |
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Address : |
34, Venus, |
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Date of Birth/Age : |
01.02.1955 |
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Date of Appointment : |
26.12.1988 |
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Name : |
Ms. Nelum P. Gidwani |
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Designation : |
Director |
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Address : |
92B, Embassy Apartments, |
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Date of Birth/Age : |
14.02.1941 |
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Date of Appointment : |
08.07.1994 |
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Name : |
Mr. Ashok B. Ghia |
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Designation : |
Director |
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Address : |
23, |
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Date of Birth/Age : |
20.02.1942 |
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Date of Appointment : |
26.12.1988 |
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Name : |
Mr. Sripadmange Kulkarni |
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Designation : |
Director |
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Address : |
201, Moti Mahal, 28 Senapari Bapat Marg, Mahim, Mumbai,
Maharashtra |
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Date of Birth/Age : |
05.11.1942 |
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Date of Appointment : |
18.04.2001 |
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Name : |
Mr. Maya Pranav Parikh |
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Designation : |
Director |
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Address : |
18 A, Manek, L D Ruparel Marg, Malabar Hill Mumbai – 400006, Maharashtra, India |
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Date of Birth/Age : |
27.01.1978 |
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Date of Appointment : |
14.12.2001 |
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Name : |
Mr. Ramkrishnan Gayathri |
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Designation : |
Director |
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Address : |
10/75, Unnat Nagar II, Off |
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Date of Birth/Age : |
01.03.1963 |
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Date of Appointment : |
14.03.2007 |
KEY EXECUTIVES
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Name : |
Mr. C. G. Ramakrishnan |
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Designation : |
Chief Operating Officer |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Anuradha D. Benegal |
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3600 |
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Arvind N. Parikh |
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124000 |
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Arvind N. Parikh – HUF |
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3600 |
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Jagdish N. Parikh |
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137,200 |
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Jagdish N. Parikh – HUF |
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600 |
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Jyotshna N. Shah |
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3,600 |
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Kishori A. Parikh |
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3,600 |
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Maya |
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96,600 |
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Natvarlal G. Parikh (HUF) |
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4,500 |
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Poorvi A. Parikh |
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3,600 |
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Pranav N. Parikh |
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850925 |
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Pranav N. Parikh (HUF) |
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408,600 |
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Prashant J. Parikh |
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64,800 |
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Salome P. Parikh |
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71400 |
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Savita Parikh |
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3600 |
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Shaila Parikh |
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6000 |
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Shelina Parikh |
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106200 |
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Shraddha Mashruwala |
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3600 |
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Snehal Parikh |
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64800 |
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Sophie Hyams |
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1800 |
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Category |
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Percentage of
Holding |
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Directors of relatives of directors |
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99.91 % |
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Other top fifty shareholders |
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0.09 % |
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Total |
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100.00
% |
BUSINESS DETAILS
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Line of Business : |
Manufacture of Imaging Products for the Graphic Arts Industry. Exporter of Offset Plates, Chemicals, Inkjet, Laser, Design and Drawing Media. |
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Products : |
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Exports : |
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Countries : |
Africa, Middle East, South East Asia, Far East, Europe, united States,
Sri Lanka, Bangladesh, Russian Federation and Australia |
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Imports : |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
750 |
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Bankers : |
v
Corporation Bank, Industrial Finance Branch,
14, Pune, v
Saraswat Co-operative Bank Limited, Overseas
branch, 1st Floor, Kimatral Building, 77/79, Maharshi karve Road,
Marin Lines, Mumbai - 400020, v
The Saraswat Co-operative Bank Limited, Nana
Chowk Branch, Mumbai-400007, v
Citibank N.A., Mumbai, v The United Western Bank Limited v
Bank of v
Corporation Bank, 21, Dalal Street, Fort,
Mumbai-400023, |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Khandwala and Shah Chartered Accountants |
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Address : |
G/3, 8th Floor, “EVEREST”, |
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Associates/Subsidiaries : |
v Technova Graphics Private Limited v Lunar Caustics Private Limited v Lemiur Group of Companies v Technova Hichem Systems (Private) Limited v Technova Imaging Systems v Technova Reprographic Systems (Private) Limited |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,980,000 |
Equity Shares |
Rs.10/- each |
Rs. 19.800 millions |
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20,000 |
Unclassified Shares |
Rs.10/- each |
Rs. 0.200 millions |
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Total |
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Rs. 20.000
Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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1,963,700 |
Equity Shares |
Rs.10/- each |
Rs. 19.637 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
19.637 |
19.637 |
19.637 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
414.662 |
323.451 |
257.716 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
434.299 |
343.088 |
277.353 |
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LOAN FUNDS |
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1] Secured Loans |
829.954 |
867.504 |
805.688 |
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2] Unsecured Loans |
222.218 |
166.874 |
159.279 |
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TOTAL BORROWING |
1052.172 |
1034.378 |
964.967 |
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DEFERRED TAX LIABILITIES |
102.491 |
115.231 |
105.851 |
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TOTAL |
1588.962 |
1492.697 |
1348.171 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
892.965 |
819.178 |
837.177 |
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Capital work-in-progress |
47.282 |
24.336 |
2.158 |
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INVESTMENT |
82.036 |
82.036 |
84.200 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
536.356 |
576.740 |
355.074 |
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Sundry Debtors |
336.122 |
294.197 |
200.536 |
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Cash & Bank Balances |
82.541 |
80.551 |
146.793 |
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Other Current Assets |
0.000 |
0.000 |
0.000 |
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Loans & Advances |
147.378 |
109.841 |
123.330 |
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Total
Current Assets |
1102.397 |
1061.329 |
825.733
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
499.237 |
457.448 |
377.633 |
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Provisions |
36.481 |
36.734 |
24.829 |
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Total
Current Liabilities |
535.718 |
494.182 |
402.462
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Net Current Assets |
566.679 |
567.147 |
423.271 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
1.365 |
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TOTAL |
1588.962 |
1492.697 |
1348.171 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2006 [Estimated] |
31.03.2005 [Estimated] |
31.03.2004 |
Sales Turnover
[including other income]
|
1500.000 |
1400.000 |
2330.230 |
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Profit/(Loss)
Before Tax
|
NA |
NA |
68.645 |
Provision for
Taxation
|
NA |
NA |
39.252 |
Profit/(Loss) After
Tax
|
NA |
NA |
29.393 |
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Export Value
|
NA |
NA |
383.485 |
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Import Value
|
NA |
NA |
395.748 |
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Total Expenditure
|
NA |
NA |
2366.010 |
KEY RATIOS
|
PARTICULARS |
|
31.03.2006 |
31.03.2005 |
31.03.2004 |
PAT / Total Income
|
|
NA |
NA |
1.26 |
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Net Profit Margin
(PBT/Sales) |
|
NA |
NA |
2.95 |
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Return on Total
Assets
(PBT/Total Assets} |
|
NA |
NA |
4.13 |
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Return on
Investment (ROI)
(PBT/Networth) |
|
NA |
NA |
0.89 |
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Debt Equity Ratio
(Total Liability/Networth) |
|
3.66 |
4.46 |
4.93 |
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Current Ratio
(Current Asset/Current Liability) |
|
2.06 |
2.15 |
2.05 |
LOCAL AGENCY FURTHER INFORMATION
History:
Subject was incorporated on at Mumbai in
In an Extra-Ordinary General meeting of the members held on 16th April, 1991, the scheme of Amalgamation of Technova Graphic Systems Private Limited and Image Printmakers Private Limited with the company was approved.
Name of the company was changed to Technova Imaging Systems Limited on 12th April, 1993 and Registered on 14th September, 1993.
Subject has become a Private Company with effect from 28th February 2001.
|
This form is for |
Creation of
charge |
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Corporate
identity number of the company |
U74999MH1979PTC021599 |
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Name of the
company |
TECHNOVA IMAGING SYSTEMS
PRIVATE LIMITED |
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Address of the
registered office or of the principal place of business in |
Laxmi Mills Estate, Sakti Mills L, Off. |
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Type of charge |
Others |
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Particular of
charge holder |
The Saraswat Co-operative Bank Limited |
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Nature of
description of the instrument creating or modifying the charge |
Agreement of hypothecation of vehicles |
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Date of
instrument Creating the charge |
28.11.2006 |
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Amount secured by
the charge |
Rs. 4.400
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: R.O.I. 9 % p.a.
or at such rate as may be determined by the Bank from time to time. Terms of
repayment : On demand and if
not demanded earlier by 36 installments of Rs. 0.140 Millions Margin : As determined by
the Bank from time to time. Extent and
operation of the charge This is term loan
facility. |
|
Short particulars
of the property charged |
Hypothecation of
Vehicles [Toyato Inova] and registered
with Regional Transport office at Pen Raigad
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Profile
TechNova
is the largest manufacturer of offset plates, chemicals, inkjet, laser and
design & drawing media, outside of the
ISO
9001:2000 Company
Over
70% market share for each of its products in the Indian sub-continent
Won
the prestigious GATF 1995 InterTech Technology Award for its NovaDom
Computer-to-Plate technology
Received
the Davos-based World Economic Forum's Global Growth Company Award in January
1997
Alliances with :
Agfa-Gevaert
N.V. for the manufacturing of offset plates (analog & digital) and
chemistry; and marketing of CtP Systems;
Hydro
Dynamic Products PLC, for the manufacturing of pressroom chemicals;
Value
On-line Tech Support
TechNova Knowledge eXchange (TKX)
eBulletins & eLibrary
Plant
Audits & Technology Roadmaps
InPlant
and Classroom Trainings; Industry Seminars
TechNova
is one of the world's largest manufacturers of digital & analog offset plates,
chemicals, inkjet, laser and drafting media. Products include a full range of
consumables for conventional and digital imaging systems for advertising,
photography, signage, printing and packaging as well as textiles, engineering,
architecture, geology and business graphics. Our technology alliance partners
are Agfa (for offset plates & chemicals) and HDP (for chemicals).
Along with Agfa, TechNova is the only company in the world manufacturing the
full range of CtP consumables i.e. inkjet photo papers for CtPhoto; inkjet
proofing paper for CtProof; Thermal, Violet and UV metal plates for CtPlate;
inkjet & laser polyesterplates for CtPoly; and desktop, large format &
lasermedia for CtPrint.
Technova
enjoys market shares of over 70% in each product category in the Indian
subcontinent for over three decades, and significant market shares in targeted
export countries. TechNova products are marketed in over 51 countries, backed
by total performance and the lowest cost-in-use guarantees.
TechNova
is an ISO 9001-2000 registered organisation and has received the prestigious
"GATF 1995 InterTech Technology Award", the Davos-based World
Economic Forum's "Top-performing, Global Growth Company Award" (1997)
as well as the "Technology Pioneer Award" (2000).
TechNova
manufactures its products in
Press release
Wednesday, October 06, 2004
TechNova,
one of the world's largest manufacturers of digital & analog offset plates,
chemicals, inkjet, laser and drafting media, will be showcasing an array of
innovative CtP solutions at PrintCity (Hall 06, Stand A07) at drupa 2004. Some
of them are :
v
PolyJet : World's
First Inkjet, NoProcess, Computer-to-Plate-to-Press System
v
v
v
NovaDom Platinum : Extra
Long-run version of World's Largest selling brand of Laser Polyester Plate
v
PosiJet : Digital
Silverless large format inkjet CtPositive Film
v
TotalCare :
NextGeneration FOGRA approved Fount
v
Stardust : Ultra-long
bath life, universally compatible thermal plate developer
v
NovaJet Inkjet
Photographic Paper : Ideal for true-to-life photographic prints from cameras,
scanners & photo CDs
TechNova's
product offering includes a full range of consumables for conventional and
digital imaging systems for advertising, photography, signage, printing and
packaging as well as textiles, engineering, architecture, geology and business
graphics.
Its overseas offices and distribution network market its products to over 51
countries. TechNova is now recognised as :
World's fifth largest manufacturer
of Digital & Analog PlatesWorld's first and largest manufacturer of Laser
Polyester Plates
World's first and only
manufacturer of Inkjet Polyester Plate
World's sixth largest manufacturer
of Printing Chemicals
World's widest portfolio of Inkjet
& Laser Media
In
addition, TechNova has also received global recognition through the following
awards :
GATF 1995 InterTech Technology
Award
World Economic Forum Awards
(Davos)
TechNova's stand at PrintCity will be like a virtual CtP arena for a number of
cutting-edge products for Computer-to-Plate, Computer-to-Positive,
Computer-to-Photo, Computer-to-Proof and Computer-to-Print technologies. Next
generation graphic arts chemistry, with a focus on CtP Chemistry as well as
Founts & Washes that meet with FOGRA specifications, will also occupy a
place of prominence at the stand.
Listed
below are the "Must see 'em" products at TechNova's Stand at
PrintCity.
Computer-to-Photo,
Computer-to-Proof & Computer-to-Print
Computer-to-Plate:
World's First Inkjet NoProcess Computer-to-Plate-to-Press System :
"PolyJet"
A technological breakthrough and a
first-in-the-world product is the revolutionary PolyJet CtPolyester Plate.
Four-colour jobs can be imaged on the plate using PolyJet wide format inkjet
printer (based on Epson 7600). Imaged plates go directly to the press without
any chemical processing. PolyJet plate would be ideally suited for the two and
four page format presses for low-cost two and four-colour short-run jobs of
10,000 to 20,000 impressions.
Unique features are :
High-resolution capability of
plate surface allows stochastic screening for excellent tonal gradation and
details.
Flawless solid and reverse text
reproduction.
Dot gain conforming to industry
standards.
Excellent ink/water balance
characteristics ensure brilliant prints, matching those of metal presensitised
plates.
Totally dry Computer-to-Plate-to-Press
process. No Imagesetter. No Platesetter. No Processor. No Chemistry. No Fuss.
Lowest cost CtP system in the
world.
International launch of
One of the biggest pre-drupa
announcements from
And that's not all! These plates can be handled easily and conveniently in
daylight conditions, eliminating safelights and separate work areas. Besides which,
they are as easy to develop, wash, and gum as they are to image, since
Thermostar TN plates use conventional processing chemistry.
TechNova has painstakingly ensured that Thermostar TN can be integrated with
the leading platesetters. These include several new systems which will be
presented at drupa 2004.
TechNova's
Print samples from TechNova's
drupa 2004 will witness the
introduction of TechNova's Argos CtCP plate, a long-run, negative-working
plate.
TechNova is also launching Athena, the next generation positive-working plate,
recommended for run-lengths up to 250,000 impressions. This high pedigree plate
has given TechNova a cult status in the Indian printing industry.
GATF 1995 InterTech Technology Award Winner : NovaDom Laser Polyester Plates
Live demos of NovaDom Laser Plates, the
GATF InterTech Award Winner will be worth witnessing. NovaDom plates can be
imaged on both sides using the HP 5000 series or Xanté laser printers, and
taken directly to the press for printing.
Special features are :
HP approval for corrosion-free
performance; safeguards the laser printers.
Run-length capability of approx.
50,000 copies from one side and 10,000 copies from the other side of the plate
(or 20,000 copies from both sides of the plate), under recommended imaging and
press conditions.
Zero toner scatter in the
background areas, when imaged on HP, Xanté or other recommended laser printers
and copiers.
Excellent roll-up properties
minimise start-up & restart paper wastage.
NovaDom has revolutionised the small offset plate scenario since 1995,
especially in the
Computer-to-Positive :
World's First Clear Inkjet Film : "PosiJet"
Another "First" from
TechNova is PosiJet, a clear (i.e. fully transparent) inkjet film, which can be
imaged on Epson 7600 to serve as an offset positive or screen-printing
positive. PosiJet film is designed to produce high-resolution four-colour
plate-ready positives in 2, 4 and 8 page formats, with UV-density matching
silver-based films. PosiJet offers the lowest cost computer-to-film solution,
ideally suited for newspapers, book & magazine publishing, and several
other applications currently using expensive silver-based films. All it needs
is a recommended inkjet printer for outputting pages created on standard
page-composition workstations. Features that would make PosiJet demos a
"must-see" :
Fully transparent inkjet film.
Looks & feels like a silver-based film.
Ideal for preparation of one piece
positives for tabloid & broadsheet newspapers.
Single, spot & pleasing full
colour reproduction capability.
Totally dry
Computer-to-Film-to-Plate process. No Camera. No Darkroom. No Imagesetter. No
Platesetter. No Processor. No Chemistry. No Hassles.
Unbeatable value for money.
Live demonstrations at the Stand using customer-supplied files will be
convincing.
Laser Film with Silver-like UV-Density : "NovaSharp Diamond"
During the 90's, TechNova's
NovaSharp range of laser films, (which can be imaged on laser printers to serve
as plate-ready positives), enabled the newspapers to effect significant savings
by substituting expensive silver-based camera and imagesetter films. NovaSharp
Crystal,
Computer-to-Photo, Computer-to-Proof & Computer-to-Print :
Within a short span of time, TechNova has helped popularise the use of inkjet
media for various Desktop and Large Format applications. Particularly
noteworthy for the Graphic Arts industry are the inkjet proofing and
photographic papers. TechNova offers the widest and most exciting range of
world-class Inkjet Papers, Films, Vinyls & Specialty media for Desktop and
Large Format applications.
Prints on the award winning NovaJet TruePhoto Inkjet Photographic Paper of
digital photographs, using Epson & HP desktop printers at the stand, are
indistinguishable from silver-based photo prints.
For the Large Format display, the demonstrations will include prints on NovaJet
Gloss & Matte Papers & Films for indoor & outdoor applications,
using an HP Large Format Printer.
NovaJet Inkjet Media for Large Format printing will include : Matte & Gloss
Papers and Films; Outdoor Films; Backlit Films; Specialty media such as Canvas
& Silver Metallic Film.
NovaJet Media for Desktop printing will include : Inkjet Photographic Papers
(in substrates ranging from 130 - 270 gsm) for true-to-life photographic
prints; Inkjet PhotoMatte Papers for presentations and concept proofs;
Transparency Film for OHP presentations; Specialty Media such as Heat Transfer
Papers, Opaque Gloss Films, etc; Artistic Media in a variety of colours and
textured surfaces like Canvas-finish, Weave-finish, etc.; Colour Laser Media
for colour laser printers that include Papers, Transfers and Films;
Multipurpose Adhesive-backed Labels in various shapes and sizes, including CD
labels, etc.
Next Generation CtP Chemistry :
TechNova, in keeping with the global trend for the high-end printers to insist
on using high-performance products that meet with FOGRA specifications, will be
launching an array of next generation fountain solutions and press washes for
high-speed sheetfed and web offset applications. These products are
manufactured in technical collaboration with Hydro Dynamic Products,
Next Generation Founts
TotalCare Fount for high-speed
sheetfed presses and heat-set web presses.
Gives
complete calcium control at all levels of water hardness and all paper and ink
types.
Enables reduction of Isopropanol/IPA usage by 50%.
Safe on all metal plates and is free from harmful
components.
The ultra low-foam formulation is suitable for all water
types, whether RO, soft, hard or deionised.
Special ingredients prevent the build-up of impurities and
films, previously hard to control in tanks and pipework.
CrownJewel Fount for high-speed cold-set web presses.
Corrosion inhibited to FOGRA specifications.
Specially formulated for compatibility with spray and turbo
dampening systems.
Runs at low water settings with wide latitude, making it
easy to set up and adjust for optimum performance with cold-set inks, varying
quality of newsprint and dampening systems.
Water uptake by the ink is fast but controlled for
lightening quick attainment of the perfect ink/water balance with excellent
over-emulsification resistance.
Contains very high levels of anti-linting agents that
effectively reduce mean times between blanket washes.
The ultra-low foam formulation removes problems associated
with previous generations of strongly wetting fountain solutions.
Alcohol Substitute
AlcoZAP Concentrated Alcohol Substitute for Zero Alcohol
Printing.
Incorporates the best available IPA replacement with the
widest latitude for universal use in sheetfed offset printing.
Achieves Zero Alcohol Printing with minimum compromises and
adjustments of press settings.
When used with TotalCare Fount, AlcoZAP offers the customer
the versatility of enhanced quality without the use of IPA.
Clean-air Washes
HMK Washes. Certified by FOGRA for MAN Roland, KBA-Planeta
and
Aromatic-free press wash-up concentrates.
Comprehensively addresses the possibility of press
corrosion. It is corrosion inhibited to FOGRA specifications for
Equally suitable for manual and automatic cleaning machines
using both scrubber and spray type devices.
Available in both types : water miscible as well as
non-water miscible. Water miscible wash has wide latitude, making it easy to
set up and adjust for optimum performance.
The absence of aromatic compounds and chlorinated
hydrocarbons makes it safer and user-friendly.
With its high flash point, HMK Wash 1 is ideal for use on
heat-set machines.
Exports
Subject has participated in Drupa 2004 Exhibition at
The benefits derived due to technical collaboration and in-house product development in chemical and films division has gone towards improving the product quality and also yielded improvement in the ultimate analysis. Besides due to infrastructural development the hygiene and the manufacturing methods have considerably improved. The company is moving towards achieving operational excellence.
The company is continuously making vigorous efforts in
exploring overseas markets and has been receiving interesting export enquiries.
The company’s products are finding increasing acceptance by the overseas
markets. The company has already established offices in
It exports Novadom Films to Asia, Europe and
It imports from Asia, Europe and
The company operates in collaboration with
The company’s fixed assets of important value includes
Goodwill, Freehold Land, Leasehold Land, Buildings, Plant & Machinery,
Furniture, Fixtures, Airconditioners, Office Equipments & Computers and
Vehicles.
TechNova
@ Sign and Graphic Imaging ME 2007
27th February - 1st March, 2007
TechNova introduced a comprehensive range of large format media at the recent
Sign & Graphics Imaging ME 2007, in
Visitors were Enthralled by TechNova's inkjet media for various Desktop and
Large Format applications. Almost all of them agreed that TechNova offers the
widest and most exciting range of world-class Inkjet Papers, Films, Vinyls
& Specialty media for Desktop and Large Format applications.
Over the years, TechNova has successfully leveraged its decades of experience
in coating of conventional and digital imaging substrates, to produce an
impressive range of inkjet media for the large format segment. Marketed under
the brand names, "NovaJet" & "NovaSign", these media
empower printers to effortlessly transform their ordinary digital prints into
works of art!
At the simple, yet elegant stand at Sign & Graphic Imaging ME, TechNova
showcased their comprehensive range of large format media, for the Signage and
Graphics industry. Stunning images printed on various media, were the key
attraction of the TechNova stall. The media on display included :
- NovaJet
Backlit Front Print PET Film 175
- NovaJet
PhotoMatte PVC Film 100 SA
- NovaJet
PhotoGloss PET Film 50 SA
- NovaJet
PhotoSatin PVC Film 175
- NovaSign
PosterSatin PVC Film 100 SA
One constant feedback was that visitors were delighted that
they could touch & feel the finish and texture of the media, as these were
most effectively displayed as printed rolls at the stand. The stall was awash
with colours, and was filled with bright and vibrant images that kept the
visitors mesmerised. No wonder, people gravitated towards the TechNova stall,
which was one of the most visited stalls at the exhibition.
Bhuwan Upreti, Territory Sales Manager, Digital Print Media, explained that the
NovaJet media range consisted of inkjet photo papers (PE & RC), films (PET,
PP, PVC), cloth, canvas and specialty media with a choice of surface finishes
(gloss, satin, matte), display properties (frontlit & backlit), in various
sizes & thicknesses, with and without self-adhesive backing. On the other
hand, he explained, the NovaSign range consisted of solvent vinyl &
lamination film with self-adhesive backing.
"NovaJet & NovaSign media are manufactured using one of the world's
most sophisticated coating & converting plant. It utilises leading-edge
ink-receptive layer formulations and coating technologies. The end-result is a
range of products that match and occasionally, even surpass features of the
best products in the world." explained Upreti.
One of reasons for popularity of TechNova in
Media Selection :
Media performance is significantly affected by factors like Image
Characteristics, Printer Technology, Ink Formulation, Print-shop environment,
Post-printing Applications, Finishing, End-usage, etc. With TechNova's industry
experience and product knowledge, their Application Specialists help printers
identify external factors and assist them in selection of the right media for
their jobs.
Colour Management :
Each NovaJet media type comes with its own ICC profile, designed for optimum
colour rendition. TechNova's Colour Management team also offers their services
to help customers create customised profiles to match their particular
requirements.
Trouble-shooting :
TechNova's TechSupport team studies any problems faced by the printers,
simulates them in their state-of-the-art Application Lab and provides customers
with on-site solutions that work.
Logistics Support :
TechNova's extensive logistics network ensures that all the popular NovaJet
media types are available off-the-shelf in all the important print centres.
Lowest Cost-in-Use :
TechNova is committed to providing customers with a value-for-money package
consisting of product performance, support services, and logistics management,
which result in lower cost-in-use than any other brand offering in the
industry.
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.40.84 |
|
|
1 |
Rs.81.81 |
|
Euro |
1 |
Rs.55.03 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
6 |
|
OPERATING SCALE |
1~10 |
6 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
9 |
|
--PROFITABILIRY |
1~10 |
5 |
|
--LIQUIDITY |
1~10 |
6 |
|
--LEVERAGE |
1~10 |
6 |
|
--RESERVES |
1~10 |
7 |
|
--CREDIT LINES |
1~10 |
6 |
|
--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 |
YES |
|
--AFFILIATION |
YES/NO |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
57 |
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 |
|