MIRA INFORM REPORT

 

 

Report Date :

02.11.2007

 

IDENTIFICATION DETAILS

 

Name :

DEV GRAPHICS PRIVATE LIMITED

 

 

Registered Office :

A - 2/ 17, Phase – II, GIDC, Vatva, Near Doshi Ion Ahmedabad – 382445, Gujarat, India

 

 

Country :

India

 

 

Date of Incorporation :

19.09.2001

 

 

Com. Reg. No.:

040015

 

 

CIN No.:

[Company Identification No.]

U22190GJ2001PTC040015

 

 

TAN No.:

[Tax Deduction & Collection Account No.]

AHMD00577D

 

 

Legal Form :

Private Limited Liability Company.

 

 

Line of Business :

Manufacturer and Exporter of all kinds of Rotogravure Cylinder, Jointless  Anilox Rollers, Embossing Rollers.

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Unfavourable & favourable factors carry similar weight in credit consideration. Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

--

 

 

Status :

Small Concern

 

 

Payment Behaviour :

Slow and Delay

 

 

Litigation :

Clear

 

 

Comments :

Subject is a small company having moderate track. It’s payments are reported as slow and delayed. Since incorporation of the company. No financial are available either from registry or from company.

Hence the company can be considered for small to mediocre performance at usual trade terms and conditions.

 

 

LOCATIONS

 

Registered Office :

A - 2/ 17, Phase – II, GIDC, Vatva, Near Doshi Lon Ahmedabad – 382445, Gujarat, India

Tel. No.:

91-79-25892504

Fax No.:

91-79-25897264

E-Mail :

devgraphic@yahoo.co.in / info@devgraphics.com

Website :

http://www.devgraphics.com

 

DIRECTORS

 

Name :

Mr. Keyur Kikani

Designation :

Managing Director

Date of Birth/Age :

30 Years

Qualification :

Graduate

Experience :

12 Years

 

 

Name :

Mr. Vipul Kikani

Designation :

Director

Date of Birth/Age :

27 Years

Qualification :

Graduate

Date of Appointment :

12 Years

 

 

 

 

KEY EXECUTIVES

 

Name :

Mr. Lalit Kikani

Designation :

Vise  President

Tel No :

91-9428359851 / 9327709058 / 9924202550

 

 

 

BUSINESS DETAILS

 

Line of Business :

Manufacturer and Exporter of all kinds of Rotogravure Cylinder, Jointless  Anilox Rollers, Embossing Rollers.

 

 

Products :
  • Rotogravure Printing Cylinders.
  • Mechanically Engraved Jointless   Anilox Rollers.
  • Embossing Rollers
  • Vinyle & Rexin Printing Rollers
  • Flooring & Medicine Printing Rollers
  • Wood Printing Rollers
  • Graphic Designing and Product Launching Campain.

 

 

 

Exports :

 

Products :

Cylinders

Countries :

Canada, Europe, Middle East, Africa

 

 

Imports :

 

Products :

Dr. Blade

Countries :

Germany, Italy

 

 

Terms :

 

Selling :

Cash, Credit, T/T

 

 

Purchasing :

Cash , Credit (1 Week ), T/T

 

 

GENERAL INFORMATION

 

Customers :

End Users, OEM’s

 

 

No. of Employees :

30

 

 

Bankers :

Union Bank of India

Bodak Dev Branch, Satelite, Ahmedabad

 

 

Facilities :

---

 

 

 

Banking Relations :

Unknown

 

 

Auditors :

 

Name :

Chandrakant Thakkar and Associates

Chartered Accountant

Address :

Navrangpura, Ahmedabad

Tel. No.:

91-79-26466979

 

 

Memberships :
  • SSI
  • Vatva Industrial Association
  • Gujarat Plastic Manufacturing Association
  • Chamber Of Commerce & Industry, Gujarat.
  • Gujarat Polution Control Board.
  • Small Scale Industries.
  • The Green Environment Services Co- Operative Society Ltd

 

 

 

CAPITAL STRUCTURE

 

Authorised Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Share

Rs.10/- Each

0.100 million

 

Issued, Subscribed & Paid-up Capital :

No. of Shares

Type

Value

Amount

 

 

 

 

10000

Equity Share

Rs.10/- Each

0.100 million

 

 

FINANCIAL DATA

[all figures are in Rupees Millions]

 

Note

Since, incorporation of the company, no financial  are available. Management remained non-cooperative during current investigation 

 

 

Particulars

 

 

31.03.2007

31.03.2006

Sales Turnover

 

10.000

9.000

 

 

 

 

 

Expected Sales (2007-08) : Rs.15.000 millions

 

 

LOCAL AGENCY FURTHER INFORMATION

 

Trade Reference

 

 

 

Attached Web Details

 

The Company  are located in Ahmedabad, Gujarat, INDIA. They  are engaged in business of all kinds of ROTO GRAVURE PRINTING CYLINDERS, EMBOSSING ROLLERS, WOOD DESIGN ROLLERS & JOINTLESS ANNILOX ROLLERS. They  are also serving printing industry by supplying qualitative products like Doctor Blade, Ceramic Anilox Rollers. They  provide service to develop new concept of packaging. They  are authorized dealer of a EUROPEAN COMPANY; engage in Doctor Blade & Ceramic Anilox Rollers. They  are in this field for the last 6 years and enjoying commanding position in the flexible packaging industry.



DISTRIBUTOR
• Doctor Blade For Gravure & Flexo. (Sole Agent For India, Africa, Gulf Contry & Shri Lanka)
• Ceramic Coated Anilox Rollers. (Agent For India & Gulf Country.)


EXPERIENCED TEAM


Company has more than 5 years combined technical experience of this field. Well educated and experience personnel’s are involved in growth of company. Company is very well known for its “AFTER SALES SUPPORT SYSTEM” to achieve high standards of printing efficiencies and better sharpness by its satisfied customers. They  have nearly 36 Employees including 3 Regional Sales Executive. They  are also have qualified staff of 6 degree holders in printing technology, which gives solid strength to their company to meet every challenges.

PRESENT SETUP


Company has got all state of the art equipments to produce quality ROTOGRAVURE CYLINDERS, EMBOSSING ROLLERS, WOOD DESIGN ROLLERS & JOINTLESS ANILOX ROLLERS. Company has its manufacturing facility spread in 19000 Sq. Feet. Wide constructed area.


With the help of experienced staff and quality machineries, company produces approximately 800 Nos. of cylinder per month and still it can go up to 1500 Cylinders per month. The design studio also equipped with latest MAC computers, IBM computers, Laser printers, High resolution scanners, and some special graphic software like BARCO, COREL, ADOBE ILLASTRATURE, PHOTOSHOP & FREEHAND. Their  design studio helps their customers to develop their own choice designs.

 

 

 

CMT REPORT (Corruption, Money Laundering & Terrorism]

 

The Public Notice information has been collected from various sources including but not limited to: The Courts, India Prisons Service, Interpol, etc.

 

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.39.32

UK Pound

1

Rs.81.82

Euro

1

Rs.56.90

 

 

SCORE & RATING EXPLANATIONS

 

SCORE FACTORS

 

RANGE

POINTS

HISTORY

1~10

5

PAID-UP CAPITAL

1~10

3

OPERATING SCALE

1~10

3

FINANCIAL CONDITION

 

 

--BUSINESS SCALE

1~10

3

--PROFITABILIRY

1~10

3

--LIQUIDITY

1~10

3

--LEVERAGE

1~10

3

--RESERVES

1~10

3

--CREDIT LINES

1~10

3

--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

YES

--EXPORT ACTIVITIES

YES/NO

YES

--AFFILIATION

YES/NO

NO

--LISTED

YES/NO

NO

--OTHER MERIT FACTORS

YES/NO

YES

TOTAL

 

29

 

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.

 

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

 

 

 

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions