MIRA
INFORM REPORT
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Report Date : |
15.10.2007 |
IDENTIFICATION DETAILS
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Name : |
CREATION TECHNICS |
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Registered Office : |
D -47, South Extension, part –I, |
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Country : |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
1998 |
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PAN No.: [Permanent
Account No.] |
AAEFC0977E |
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Legal Form : |
Partnership concern with an Unlimited Liability of the partners. |
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Line of Business : |
Manufacturer of printing and personalizing PVC cards. |
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 6000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well – established and reputed concern having satisfactory
track. Partners are reported as experienced and respectable businessman.
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 / Head office : |
D -47, South Extension, part –I, |
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Tel. No.: |
91-11-24602303 / 24652303 |
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Mobile No: |
91-9810611227 / 9810338691 |
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Fax No.: |
91-11-24632303 |
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E-Mail : |
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Website : |
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Area : |
2000 sq fts |
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Location : |
Owned |
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Branch Office : |
5452, Street No.4, New Shivaji Nagar, |
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Tel. No.: |
91-161-5095737 |
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Mobile No.: |
91-9872244407 |
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Location : |
Owned |
PARTNERS
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Name : |
Mr. Rajesh Taneja |
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Designation : |
Partner |
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Date of Birth/Age : |
42 years |
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Qualification : |
Graduate |
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Experience : |
20 years |
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Name : |
Mr. Sanjay Taneja |
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Designation : |
Partner |
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Date of Birth/Age : |
38 years |
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Qualification : |
Graduate |
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Experience : |
15 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of printing and personalizing PVC cards. |
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Products : |
· Smarts Cards · Photo ID Cards · Discount / Privilege Cards · Loyalty Cards · Scratch Cards · Membership Cards · Sticky Cards · Proximity Cards · Hotel Cards · Attendance Cards with Magnetic Strip and Barcode · Calender Cards |
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Imports : |
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Products : |
Machines, Raw material |
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Countries : |
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Terms : |
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Selling : |
Cash, Credit |
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Purchasing : |
L/C, Cash, Credit |
PRODUCTION STATUS
Capacity to increase production by 40%.
GENERAL INFORMATION
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Customers : |
· Air Tel ·
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No. of Employees : |
10 |
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Bankers : |
·
Union Bank of Address:
· Kotak Mahindra Bank Limited Address: |
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Banking
Relations : |
Satisfactory |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 1.500 millions |
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Borrowed : |
--- |
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Total : |
Rs. 1.500 millions |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2007 |
31.03.2006 |
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Sales Turnover |
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7.500 |
4.200 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2007-08) : Rs.10.000 millions
LOCAL AGENCY FURTHER INFORMATION
WEBSITE DETAILS:
Incorporated in 1998, they, at the concern,
integrate their technical expertise and infrastructure to manufacture and print
world-class PVC cards for various applications as: Photo ID Cards, Discount
Cards, Scratch Cards, Digital ID Cards, Embossed Cards, Fused Cards, Barcode
Cards, Proximity Cards, Membership Cards, Smart Cards, Attendance Cards with
magnetic strip and bar code, etc.
Total Confidence, Quality and Scheduled Deliveries are their forte that
has enabled them in winning the trust and respect of their clients. Their
manufacturing unit is developed to meet specific requirements of the client.
They understand the security concerns of their clients and hence maintain high
level of data security and train their personnel to address the same. They
focus on Research and Development to develop safe and innovative Smart Card
solutions for the customers.
The range of services provided by the concern India; Plastic Card Design, Plastic Card Encoding, Plastic security cards, Hotel Key Cards, Plastic Bank Cards, Plastic Calling Cards, Telephone calling cards, Phone card printing, Gift Card Printing, Frequent Shopper Card Printing, PVC Luggage Cards, ID Card Printing, Credit Card Printing, PVC Hospital ID Card Printing, Plastic Printing, Plastic Card Printing, PVC card Printing, PVC Plastic Card Printing, Loyalty Card Printing, Prepaid Plastic Gift Cards, Frequent Flyer Cards, Plastic Membership Cards, Smart ID Cards, bank card, bank cards, blank PVC cards, PVC business cards, calendar card, PVC calendar cards, card plastics, check cashing card, PVC check cashing cards, child ID, club card, PVC club cards, credit card, Plastic customer loyalty cards, Data Cards, PVC ID Tags, debit cards, frequent shopper card, Plastic frequent shopper cards, fulfillment management cards, fund raising ID Cards, hospitality hotel card keys, hotel cards, Security ID Cards, Convention ID cards, Hotel Key Cards, I.D., identification equipment, insurance cards, inventory management cards, key card, PVC key cards, long-distance phone cards, loyalty cards, luggage tag, Plastic luggage tags, magnetic stripe cards, magnetic stripe encoding, medical I.D., membership access control cards, membership cards, microprocessor smart cards, phone card, Plastic phone cards, Plastic, photo ID cards, PIN number cards, Plastic business cards, plastic card printers, plastic card printing, PVC card printing, plastic cards, prepaid PVC long distance cards, pre-paid phone card, pre-paid phone cards, printers Plastic Cards, PVC cards are plastic cards, Plastic restaurant cards, Pvc restaurant cards, scratch off panels, specialty cards, specialty plastic cards, Plastic travel cards, card accessories.
HARDWARES
They provide complete solutions for: Access Control / Attendance Recording System Programmable with PIN - Personnel Identification Number facility for additional security. Application at various places like Design / R and D centre / ATM / Banks / ICU's and OT / Defense / Diamond Shop / Pharmaceutical Clean room / Hotels and Clubs / Software Labs / Car Parking etc.
PRODUCTS:
Smart Cards Readers
(Contact And Contact Less)
Magnetic Card Readers
Barcode Readers
Attendance / Access Card Recorders
Pvc Laminators
Card Tipper
Manual / Automatic Card Cutter
Encoders / Slot Readers
Sheet Laminators
SERVICES AND INFRASTRUCTURE
Card Design, Visualization and Artwork Preparation: They
have adequate facilities to cater to the client needs regarding developing,
creating designs and artworks for client satisfaction in a dust-proof
environment to maintain quality.
Personalization facility for all types
of cards/online personalization: They provide personalized services for all
types of PVC cards that include: embossing, encoding, tipping, etc.
Digital Printing: They incorporate
sophisticated Digital Printing technology to make cost-effective, high
resolution, fade-proof, customized cards.
Thermal/ Dye Sublimation Printing:
Personalization of Smart/Proximity cards and spot personalization of ID cards
is done through this process.
Consultancy and Setup Support for Personalization Facility: They supply and
install various card making and personalization machines. They also have well
trained staff for maintaining all types of equipment.
Infrastructure: They have latest
technology for printing cards and possess sophisticated imported machines such
as: Eltron and Datacard attached with Quickworks software of
OTHER INFORMATION:
Domain Expertise:
Card Designing
Security Application
Loyalty Application
Access Control Systems
Computerize Time Punching
Atm and Credit Cards
Banking
Hotels And Clubs
Corporate and
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.39.33 |
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1 |
Rs.79.44 |
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Euro |
1 |
Rs.55.74 |
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 |
YES |
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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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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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