MIRA
INFORM REPORT
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Report Date : |
04.05.2007 |
IDENTIFICATION DETAILS
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Name : |
HOLOSAFE ENTERPRISES |
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Registered Office : |
F – 60, Site – B, Sarajpur Industrial Area, Noida – 201 308, Uttar
Pradesh |
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Country : |
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Financials (as on) : |
31.03.2006 |
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Year of Incorporation : |
2002 |
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Legal Form : |
Partnership concern with an unlimited liability of the partners. |
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Line of Business : |
Manufacturers of hot stamping strips, foils, films, lables etc. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average/normal. |
Small |
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Maximum Credit Limit : |
USD 4000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively small concern having satisfactory track. Partners are reported as experienced and
respectable businessmen. Trade
relations are reported as fair.
Business is active; payments are however reported as usually correct
and as per commitments. The concern can be considered for small business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office / Factory : |
F – 60, Site – B, Sarajpur Industrial Area, Noida – 201 308, Uttar
Pradesh |
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Tel. No.: |
91-120-2560231 |
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Mobile No.: |
91-9811324158, 9811910727 |
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Fax No.: |
91-120-2560231 |
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E-Mail : |
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Area : |
800 Sq. mtrs. |
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Location : |
Owned |
PARTNERS
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Name : |
Mrs. Manjula Misra |
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Designation : |
Partner |
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Address : |
Noida |
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Date of Birth/Age : |
32 years |
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Qualification : |
MBA |
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Experience : |
6 years |
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Name : |
Mr. Pankaj Kumar |
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Designation : |
Partner |
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Address : |
Noida |
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Date of Birth/Age : |
37 years |
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Qualification : |
Mech. Engg. |
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Experience : |
10 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturers of hot stamping strips, foils, films, lables etc. |
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Products : |
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Exports : |
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Products : |
Electrical Stabilizer |
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Countries : |
Negotiating |
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Imports : |
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Products : |
Electronic Spares |
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Countries : |
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Terms : |
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Selling : |
Cash or Credit (30 days) |
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Purchasing : |
L/C, Cash or Credit (30 days) |
GENERAL INFORMATION
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Customers : |
Retailers |
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No. of Employees : |
8 (Office: 2; Factory: 6) |
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Bankers : |
Bank of ICICI Bank, Noida |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.000 million |
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Borrowed : |
- |
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Total : |
Rs. 1.000 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
31.03.2006 |
31.03.2005 |
31.03.2004 |
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Sales Turnover |
3.500 |
2.500 |
2.200 |
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Profit for the year |
0.300 |
0.200 |
0.150 |
LOCAL AGENCY FURTHER INFORMATION
Website details attached:
Subject is an emerging enterprise engaged as a manufacturer and exporter
of Hologram, Holographic films, Holographic Pouches, Hot and Holographic
machinery. They are based in Greater
Noida providing complete holographic solutions for wide variety of products. They aim to be recognized s one of the most
renowned and trustworthy enterprise dedicated to manufacture and supply
customized range of products that suit the customer’s requirements. They are growing as a major player in this
filed with an unrivaled range of products and top class services. They are highly dedicated to perform
extensive R and D in order to bring innovations in holography for improving the
security features, holograms production techniques. They assure their clients for timely delivery
of order with customized features and quality.
They are the manufacturer and exporter of the following product range:
- Holograms
- Holographic
film
- Holographic
pouches
- Holographic
strips
- Holographic
scratch
- Hot stamping
foil
- Aluminum foil
- Holographic
paper labels
- Holographic
turnkey project
Product of the sophisticated laser optics technology, a security
hologram is a unique optical security device that creates a three dimensional
image on a two dimensional surface.
Unique and virtually impossible to copy, a hologram diffracts the seven
colors of the spectrum to the visual delight of the person looking at it from
different angles under any type of natural or artificial light. Besides being a dependable security device,
the powerful visual appeal of the hologram makes it an innovative medium to
enhance the brand. Thus; a hologram gives a positive image to the product
packaging and enhances product visibility and attractiveness.
Hologram is a high-tech counterfeiting solution, the best seal of fool
proof security and guarantee of authenticated product. Unscrupulous imitation, duplication, piracy
and forgery of name, logos etc. of
well-known brands are on the rise due to cheap and easily available
technology. Every year a loss of over
$200 billion is being reported due to such spurious counterfeiting
activities. Hence they aim at providing
security holograms for the following applications:
- Product
authentication and brand protection to facilitate identification of the
genuine product and to protect the brand against spurious duplicates,
imitations and look alike.
- Brand
promotion and brand protection image enhancement. Virtually impossible to copy and
displaying unique visual effects, holograms are an unbeatable security
solution for brand protection and promotion.
Holographic products are widely used to enhance brand image and security
in a diverse range of industries.
Holograms are used as a viable and attractive option in a product
packaging and security applications.
Holograms find application in the following industries:
- Security /
Financial / Surety Instruments / Bonds / Share Certificates
- Books /
Publications / Copyright documents / Literature.
- Loyalty /
Reward / Vouchers, Passes
- Stored value
Phone Cards
- Bank Cheques
/ Draft / Guarantees
- Credit Cards
/ membership / ID Cards
- Computer
Peripherals
- Stationery
products
- Automotive
Components
- Passport /
Visa
- Excise
Revenue Stamps
- Chemicals /
Detergents, Fertilizers, Seeds
- Building
material / hardware
- Fine
Jewellery / Watches
- Aircraft /
Automotive and high Technology / Engineering
- Spares and
machine Parts.
- Electrical /
Electronic Appliances and Components
- Sporting
goods, Toys, Gifts / novelties
- Recording
media(Music-Diskettes / CDs, Cassettes / Tapes / Software)
- Clothing
Hang-tags, Branded fashion wear and Accessories
- /Vehicle
Registration / Driving Licenses, Far Charts
- Certificates
( mark-sheets / Degree / Diplomas)
- Valuable /
Secret / Confidential Documents and Envelops
List is ever growing and expanding
They posses one of the finest infrastructure well-equipped with all kind
of production facilities and techniques.
They ensure that the production is carried out in a high security
environment under the guidance of people who have immense knowledge and expertise
to maintain the security of the products in the most stringent manner. They have attained perfection in technical
procedures such as much as embossing, coating and finishing touches on
holographic films. They continually
upgrade their manufacturing and working system to subsequently add value to
their products and services. They adhere
to international standard quality norms of each stage of production process and
are committed to observe ethical business practices providing complete customer
satisfaction.
They believe in enhancing outstanding quality, sophisticated technology
and ongoing innovation for reaching the heights of perfection. Besides, they also lay an equal emphasis on
timely delivery of their each order to all their clients the entire world. Each and every product passes through
stringent quality checks that reflect their commitment to quality and excellent
service.
They have a long list of high profile clients who have appreciated their
products. Their overwhelming response has motivated them to improve the quality
standard of their products that is unbeatable in the competitive market. They make hologram which are tamper proof
thereby it is not possible to remove them from a product or document. The distinctive range of hologram assures
customers that product is genuine and will perform as promised.
Their vision is to make Hologram affordable for even small brand.
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. 40.90 |
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1 |
Rs. 81.29 |
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Euro |
1 |
Rs. 55.47 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
4 |
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PAID-UP CAPITAL |
1~10 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
5 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
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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31 |
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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