MIRA
INFORM REPORT
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Report Date : |
01.10.2007 |
IDENTIFICATION DETAILS
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Name : |
ASTER GRAPHIC SYSTEMS |
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Registered Office : |
9, Shree Geeta, Behind Union Bank, Vasna, Ahmedabad - 380 007, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1981 |
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Legal Form : |
Partnership concern with an Unlimited Liability of the partners. |
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Line of Business : |
Manufacturer of High Accuracy Flexible Measuring Scales,
Custom Design Scales, Gauges and Dials,. Desktop Publishing Scales, |
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 1400 |
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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 company having
satisfactory track. Partners are reported as experienced and respectable
businessmen. Trade relations are reported as fair. Business is active. Payments are
usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
LOCATIONS
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Registered Office : |
9, Shree Geeta, Behind Union Bank, Vasna - 380 007, Ahmedabad, |
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Tel. No.: |
91-79-32922824 / 6606522 / 6601639 |
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Mobile No.: |
91-9825135122 |
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Fax No.: |
91-79-26606522 / 6634479 / 6607532 |
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Tele Fax No: |
91-79-26606522 |
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E-Mail : |
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Website : |
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Area : |
1000 sq.fts |
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Location : |
Owned |
PARTNERS
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Name : |
Mrs. Malti K Mistry |
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Designation : |
Partner |
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Date of Birth/Age : |
54 Years |
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Name : |
Mr. Kaushik Mistry |
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Designation : |
Partner |
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Date of Birth/Age : |
59 Years |
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Qualification : |
Graduate / Diploma in Electronics and German Language |
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Experience : |
35 Years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of High Accuracy Flexible Measuring Scales,
Custom Design Scales, Gauges and Dials,. Desktop Publishing Scales, |
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Products : |
· Moving machinery · Rotating Parts · Carbide Tip Cutter · Saw Blade · Moving Belt · Shearing Blade · Rotating Fan · Saw Blade cover · Rotating Gears · Burn Hazard · Hot · Crush Hazard · Do not Touch · Wear Gloves · Co not remove · Be careful ·
· Endmill cutter · Automated Machinery · Read Operator Manual · Read Service Manual · Pinch Point · Punch Press · Bandsaw · Gears · Inspect Saw Blade · Rotating Rollers · Do not open · Hazardous vapors · Explosion Hazard Safety Helmet · High Voltage · Face Shield · Flying objects · Electric Shock · No loose connection · Electrical sign · Electrical Sign · Electrical Servicing · Shock Hazard · Risk of Electric Shock · Emergency Shock · Fire Hazard · CE Mark · Earth Sign |
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Exports : |
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Products : |
Custom Design Scales and Safety Signs |
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Countries : |
US, |
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Terms : |
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Selling : |
Against Delivery |
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Purchasing : |
Credit (30 Days) |
GENERAL INFORMATION
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Customers : |
OEM’s, Dealers |
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No. of Employees : |
13 |
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Bankers : |
State Bank Of Address: Vasna, |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M.P. Sutaria and Company Chartered Accountants |
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Address: |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.350 million |
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Borrowed : |
--- |
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Total : |
Rs. 0.350 million |
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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3.500 |
2.800 |
Expected Sales (2007-08) : Rs. 4.000 millions
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCE:
· Thompson Press
· K.H.S Machinery
·
Hallmark
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Hide Group of Industries,
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· Action Constructions, Limited
WEBSITE DETAILS:
Safety Decals,
Danger Signs, Warning Stickers, Caution Labels; AGS makes a wide range of
durable Safety signs for different Industrial applications, to suit the
requirements.
Making Stickers,
Labels, Posters, Signs, Decals etc., has been their Business since 1981. Their
customers range from small workshops to Multi-nationals, Export Oriented units,
ISO-9000 companies, Dept.of Space and Defense Organizations.
Whether stock item,
custom or specialized Safety Decals, short-run or bulk quantity.
They can fulfill your requirements.
Subject supplies best quality Safety Decals at fast turn around time and at most competitive price.
With 7 years of experience in Graphic Designing, Reprographics and Screen Printing, Aster Graphic Systems was established in June-1983 with an objective to manufacture Specialty products like:
· Drafting Aids for Designing Printed Circuit Board.
· Test Coupons for testing PCBs as per MIL Standards.
· Premium Quality Labels and Industrial Decals.
Their staff from Design and Production Deptts. made a good team and earned them reputation as a reliable manufacturer of these quality and high accuracy products.
In their this journey of past 23 years, their valued customers have brought them a number of challenges for developing products involving close tolerance, which they have fulfilled to their entire satisfaction.
Today, they can design and supply following range of products;
· High Accuracy Flexible Measuring Scales.
· Custom Design Scales, Gauges and Dials.
· Desktop Publishing Scales.
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· Industrial Labels and Decals.
· Name Plates for Machines and Instrument Front Panels.
· Tamper Evident Seals.
· Floor Graphics and Counter Mats for Indoor Advertisements.
With their present set-up, they can offer these quality products even in small quantities, at short turn around time and at quite economical price.
With 20 years of experience in Graphic designing
Reprographics and Close Tolerance Screen Printing.
Other Range of
Following Quality Products.
AGS Flexi Scales
Custom Design Scales
AGS can design and manufacture scales, rulers and other
measuring guages as per the specific requirements. With their composite
manufacturing facility can make these products which are economically priced
and durable enough to stand up to daily use.
Dia-Scale
Flexible scale made from Polyester film. When wrapped around
a round object, it directly reads Circumference on one edge and Diameter on
other edge. It is very useful in design Dept. and fabrication workshop.
Industrial Decals
With 20 years of experience in Design and close tolerance
Screen Printing on different substrates, they can offer Labels and Decals on
Vinyl, Polyester, Polycarbonate films and other plastics for industrial
needs.
Floor Graphics
These are durable, Eye-catching, Floor Decals for Indoor
Advertising. An Innovative and economical way to advertise a new product launch
or a campaign message at high traffic public places, where passers-by can't
miss it.
Grow Rich
(A Motivational
Gift)
Collection of powerful
motivational thoughts, compiled and presented in form of a Table decoration.
Keep referring and applying these success keys and will feel a change in the
personality that will project as more valuable and respectable person. (It is
also available with recipient's name printed on it.)
Benchmark For
Success
(Successory for
Students)
Teach the teenager
loved ones to face challenges and opportunities effectively and successfully in
Today's competitive world. This Road Map to Success, will help them
stay on target and keep improving their performance. (It is also available with
recipient's name printed on it.)
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.39.74 |
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1 |
Rs.80.34 |
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Euro |
1 |
Rs.56.30 |
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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