MIRA
INFORM REPORT
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Report Date : |
25.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
ORIGAMI TECHNOLOGIES |
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Registered Office : |
Sr. No. Vadgaon (kh) Lagadmala Singhgad Road, Pune – 411 001,
Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1999 |
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IEC No.: |
3107019623 |
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PAN No.: [Permanent
Account No.] |
AADFBF06267C |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partners. |
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Line of Business : |
Manufacturer and Exporter of Parallel Paper Folding Machine, Small
Offset Machines, Plate Making Machines and Other Similar Machines. |
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 2000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track. Trade
relations are fair. Payments are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Nitin Deshmukh |
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Designation : |
Partner |
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Contact No.: |
91-9850257296 |
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Date : |
20.08.2008 |
LOCATIONS
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Registered Office / Factory : |
Sr. No. Vadgaon (kh) Lagadmala Singhgad Road, Pune – 411 001,
Maharashtra, India |
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Tel. No.: |
91-20-24390751 |
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Mobile No.: |
91-9850257246/ 9975076953 |
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E-Mail : |
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Website : |
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Area : |
2000 Sq. ft. |
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Location : |
Rented |
PARTNERS
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Name : |
Mr. Srikant Upave |
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Designation : |
Partner |
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Date of Birth/Age : |
39 Years |
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Qualification : |
D.M.E. |
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Name : |
Mr. Nitin Deshmukh |
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Designation : |
Partner |
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Date of Birth/Age : |
28 Years |
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Qualification : |
N. C. T. V. T |
BUSINESS DETAILS
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Line of Business : |
Manufacturer and Exporter of Parallel Paper Folding Machine, Small
Offset Machines, Plate Making Machines and Other Similar Machines. |
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Products : |
v
Parallel Paper
Folding Machines |
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Exports : |
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Countries : |
v Bangaladesh v Asian Countries |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
v Retailers |
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No. of Employees : |
14 |
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Bankers : |
v Cosmos
Co-Operative Bank Vithalwadi Branch |
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Facilities : |
CC – Rs. 0.200 million [The concern reported to enjoy cash credit of Rs. 0.200 million from
this bank.] |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Ramchandra and Sons Chartered Accountants |
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Address : |
Pune – 411 001, Maharashtra, India |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.400 million (Estimated) |
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Borrowed : |
-- |
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Total : |
Rs. 0.400 million (Estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
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Sales Turnover |
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4.000 |
Expected Sales (2008-09): Rs. 10.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Trade References
v
A S Traders
v
Hindustan Engineering Private Limited - Bangalore
Trust Seal Acceptance Chart
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Parameters |
Details |
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Existence Verification |
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Name |
Orgami Technologies |
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Statutory Approvals |
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Legal Status of Firm |
Proprietorship |
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Income Tax Registration |
AADFBF 06267C |
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Import Export Code |
3107019623 |
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VAT/TIN Registration |
27380626262V |
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Name of Bank |
Cosmos Co-Operative Bank |
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Current Account Number |
00560010338 |
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Account Since |
2 Years |
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Credibility Factors |
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India Mart Client Since |
1 Year |
As Per Website Details
Established in the year 1999, Subject is a renowned firm engaged in
the manufacturing and exporting of a wide range of Paper Folding Machines, Small
Offset Machines, Plate Making Machines and other Similar Machines. Also
available in customized designs, these precision machines offer faster and
accurate performance in different working conditions.
Marking the presence in the Paper and Printing Industry, they have acquired
overwhelming success under the able guidance of the founder Mr. N.S. Hande Deshmukh. His
futuristic business purview has given us time to time motivation to progress in
the field and have prompted us to excel in the endeavors. To further expand the
horizons they have participated in different trade fairs such as Print Pack Exhibition held in Mumbai
so as to give the prospective clients a fair idea about the functional
attributes of the world class machines.
Empowered by the sophisticated infrastructural facilities and diligent team of
professionals, they fabricate machines in strict accordance with the Bureau of Indian Standards and they
also hold the certification for the same. In addition to this, they are heading
towards providing ISO
certification and CE marking
soon. Innovation and up gradation is inherent in the procedures and they aspire
to manufacture technologically advanced and qualitative machines that are in
line with Stahl Machines. 
Infrastructure
The
robust infrastructural set up is sprawling over a huge area of 2000 Sq.
ft. It is equipped with advanced machines to manufacture heavy-duty and highly
functional paper folding machines. These machines facilitate speedy and precise
production of machines. Having an appreciable production capacity of 3 machines
per month, they are looking forward to increase it up to 5 machines per month.
They have experienced technicians and machine operators who are competent
enough to handle the production plant. The entire machines and testing
instruments are calibrated on regular basis as per the technological
advancements. Some of the machines used by us include the following:
v
Special
Purpose Machines
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Lathe
Machines
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Drilling
Machines
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Hobbing
Machines
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Grinders
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Lapping
Machines
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Milling
Machines
The completely operational design unit is outfitted with latest CAD and CAM
software in order to design latest and market leading machines.
The Team
They
are proud to have a highly motivated and experienced workforce that enables us
to accomplish all the endeavors on time and in an efficient manner. Being an
inherent part of the firm, they have in-depth knowledge about the manufacturing
of world class Paper Folding and Allied Machines. They have an experienced team
of technicians, engineers, mechanical and technical experts and machine
operators that forms the technical department.
The qualitative and innovative aspect of the machines are looked after by the
Quality Auditors and Research and Development Experts who guide the technical
department to incorporate their inputs and latest methodologies.
They have smart and highly intellectual people who handle different
departments such as Sales and Purchase, Accounts, Quality Control and Other
Departments. Their combined efforts and teamwork has taken the organization to
newer heights and have accelerated the progress tremendously.
Research and Development
The endeavors are aimed to provide the most efficient and
highly functional range of Paper Folding and Allied Machines in order to
optimize the activities of the clients. To fulfill the mission of providing new
equipments to the clients at competitive prices, they have set up a separate
research and development wing.
It is managed by the experienced Research and Development experts who make
scrupulous market survey and study to keep themselves abreast with the latest
technological advancements in the Paper Machinery Industry. Based on the
results of their persistent research, they come up with new production and
quality testing methodologies that are both cost-efficient and beneficial for
us as well as the clients.
Customer Satisfaction
The
already long list of satisfied customers is witnessing new name every now and
then and they are bestowed with repeated and new orders from the globally
spread clientele. Owing to the customized solutions and ethical dealings, they
have nurtured the relationships with the clients and have earned numerous
accolades from the market. They have got the privileged to serve numerous
clients in different countries such as Bangladesh and others.
As the major part of clientele is based in the Southern Part of India and
Bangladesh, they have established branches in Bangalore and Dhaka namely
Hindustan Engineering Concern and A and S Traders respectively. For hassle free
order placement and payments the clients can choose from different payment
options provided by us such as through Bank. Demand Drafts, Cheque and other
modes.
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 concern is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
The 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.
The 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. 43.38 |
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UK Pound |
1 |
Rs. 81.34 |
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Euro |
1 |
Rs. 64.55 |
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 |
5 |
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--PROFITABILIRY |
1~10 |
5 |
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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 |
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. |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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