MIRA
INFORM REPORT
|
Report Date : |
27.08.2008 |
IDENTIFICATION
DETAILS
|
Name : |
VISHAL HOLO SOLUTIONS PRIVATE LIMITED |
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Registered Office : |
229, Anarkali Bazar, DDA Shopping, Complex, Jhandewalan Extension, New
Delhi-110055 |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
29.04.1993 |
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Com. Reg. No.: |
55-53336 |
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CIN No.: [Company
Identification No.] |
U74899DL1993PTC053336 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PTLV10754C |
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PAN No.: [Permanent
Account No.] |
AAACP7446G |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Hologram, Note Book and Copier Paper |
RATING &
COMMENTS
|
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. |
Small |
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Maximum Credit Limit : |
USD 35000 |
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Status : |
Moderate |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is an established company having moderate track. Payments are
reported as slow but correct. The company can be considered for small to mediocre
business dealings at usual trade terms and conditions. The company’s profit margin is under severe pressure. |
INFORMATION PARTED
BY
|
Name : |
Mr. Rajiv Goyal |
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Designation : |
Director |
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Contact No.: |
91-9317574740 |
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Date : |
25.08.2008 |
LOCATIONS
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Registered Office : |
229, Anarkali Bazar, DDA Shopping, Complex, Jhandewalan Extension, New
Delhi-110055, India |
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Tel. No.: |
91-11-23547625 |
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Fax No.: |
91-11-23627412 |
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E-Mail : |
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Website : |
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Factory : |
A-4, Focal Point, Patiala-147003, Punjab, India |
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Tel. No.: |
91-175-3250256/ 5061495/ 6533634 |
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Mobile No.: |
91-9317574740 |
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Fax No.: |
91-175-2232846 |
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E-Mail : |
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Area : |
6000 sq yards( Owned) |
DIRECTORS
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Name : |
Mrs. Neelam Goyal |
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Designation : |
Whole-time Director |
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Address : |
E-37, 2nd Floor, Phase I, Ashok Vihar, Delhi-110052, India |
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Date of Birth/Age : |
21.02.1961 |
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Qualification : |
B.A |
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Date of Appointment : |
29.04.1993 |
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Name : |
Mr. Rajiv Goyal |
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Designation : |
Director |
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Address : |
113, Dhillon Marg, Modal Town, Patiala-147003, Punjab, India |
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Date of Birth/Age : |
06.11.1975 |
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Qualification : |
Engineers |
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Experience : |
10 Years |
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Date of Appointment : |
16.03.2004 |
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Name : |
Mr. Avijit Kumar Goyal |
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Designation : |
Director |
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Address : |
E-37, 2nd Floor, Phase I, Ashok Vihar, Delhi-110052, India |
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Date of Birth/Age : |
11.02.1983 |
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Qualification : |
MBA |
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Date of Appointment : |
07.11.2005 |
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Name : |
Mrs. Suman Gupta |
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Designation : |
Director |
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Address : |
32, Green View Colony, Rajbaha Road, Patiala-147001, Punjab, India |
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Date of Birth/Age : |
14.08.1951 |
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Qualification : |
D.H.P |
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Experience : |
10 Years |
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Date of Appointment : |
01.07.2004 |
KEY EXECUTIVES
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Name : |
Ms. Seema Sharma |
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Designation : |
Company Secretary |
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Address : |
C-72, Basement, NDSE-II, New Delhi-110049, India |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
As on 30.09.2005
|
Names of Shareholders |
|
No. of Shares |
|
Neelam Goyal |
|
9020 |
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Avijit Kumar |
|
16400 |
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Priya Goyal |
|
8000 |
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Sushil Goyal |
|
8000 |
|
Sanjeev Goyal |
|
9500 |
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Har Bhagwan Dass |
|
9500 |
|
Ambrish Kumar Gupta |
|
8300 |
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Kala Wati |
|
8300 |
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Mohan Prakash Gupta |
|
8300 |
Equity Share Breakup (Percentage of Total Equity)
As on 30.09.2007
|
Category |
|
Percentage |
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Bodies corporate (not mentioned above) |
|
24.23 |
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Directors or relatives of directors |
|
66.18 |
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Other top fifty (50) shareholders (other than listed above) |
|
7.59 |
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Others |
|
2.000 |
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Total |
|
100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Hologram, Note Book and Copier Paper |
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Products : |
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Exports : |
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Products : |
Hologram Labels and Self advance Labels |
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Countries : |
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Imports : |
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Products : |
Machinery Capital Goods |
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Countries : |
China |
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Terms : |
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Selling : |
Cash and Credit ( 15 Days) T.T |
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Purchasing : |
Credit ( 25 Days) and T.T |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
25 |
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Bankers : |
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Facilities : |
Rs. 3.000 Millions (Term Loan From Patiala Co-operative Bank) |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Sushil Goyal and Associates Chartered Accountant |
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Address : |
229, Anarkali Bazar, Jhandewsalan Extension, New Delhi-110055, India |
CAPITAL STRUCTURE
As on 29.09.2007
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
240000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.400 Millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
218720 |
Equity Shares |
Rs. 10/-
each |
Rs. 2.187
Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
2.187 |
2.187 |
2.187 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.300 |
5.300 |
5.300 |
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4] (Accumulated Losses) |
[0.478] |
[0.999] |
[0.207] |
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NETWORTH |
7.009 |
6.587 |
7.280 |
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LOAN FUNDS |
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1] Secured Loans |
3.572 |
4.194 |
4.706 |
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2] Unsecured Loans |
1.235 |
1.260 |
0.521 |
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TOTAL BORROWING |
4.807 |
5.454 |
5.227 |
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DEFERRED TAX LIABILITIES |
0.080 |
0.000 |
0.000 |
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TOTAL |
11.896 |
12.041 |
12.507 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.332 |
5.806 |
6.252 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
4.290 |
4.290 |
4.290 |
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DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
0.481
|
2.119 |
1.105 |
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Sundry Debtors |
1.586
|
0.863 |
0.984 |
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Cash & Bank Balances |
0.796
|
0.523 |
0.181 |
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Other Current Assets |
0.000
|
0.000 |
0.000 |
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Loans & Advances |
0.378
|
0.251 |
0.141 |
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Total
Current Assets |
3.241
|
3.756 |
2.411 |
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|
Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
0.836
|
1.804 |
0.449 |
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Provisions |
0.133
|
0.111 |
0.000 |
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Total
Current Liabilities |
0.969
|
1.915 |
0.449 |
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Net Current Assets |
2.272
|
1.841 |
1.962 |
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MISCELLANEOUS EXPENSES |
0.002 |
0.002 |
0.003 |
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TOTAL |
11.896 |
12.041 |
12.507 |
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PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
12.923 |
5.172 |
1.878 |
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Other Income |
0.084 |
0.683 |
0.874 |
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Total Income |
13.007 |
5.855 |
2.752 |
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Profit/(Loss) Before Tax |
0.671 |
[0.764] |
[0.182] |
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Provision for Taxation |
0.149 |
0.029 |
0.000 |
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Profit/(Loss) After Tax |
0.522 |
[0.793] |
[0.182] |
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Expenditures : |
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Increase/(Decrease) in Finished Goods |
[0.352] |
[0.644] |
[0.807] |
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Depreciation & Amortization |
0.535 |
0.609 |
0.254 |
|
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Other Expenditure |
12.153 |
6.654 |
3.487 |
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Total Expenditure |
12.336 |
6.619 |
2.934 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
|
PAT / Total Income |
(%) |
4.01
|
[13.05] |
[6.61] |
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Net Profit Margin (PBT/Sales) |
(%) |
5.19
|
[14.77] |
[9.69] |
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Return on Total Assets (PBT/Total Assets} |
(%) |
7.83
|
[7.98] |
[2.10] |
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Return on Investment (ROI) (PBT/Networth) |
|
0.09
|
[0.12] |
[0.03] |
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Debt Equity Ratio (Total Liability/Networth) |
|
0.82
|
1.12 |
0.78 |
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Current Ratio (Current Asset/Current Liability) |
|
3.34
|
1.96 |
5.37 |
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
|
Parameters |
Details |
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Existence Verification |
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Name |
VISHAL HOLO SOLUTIONS PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited |
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Income Tax Registration |
AACP74469 |
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VAT/ TIN Registration |
033/1129302 |
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Import Export Code |
3004005808 |
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Name of Bank |
Axis Bank |
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Current Account Number |
195010200001076 |
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Credibility Factors |
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IndiaMART Client Since |
More than 2 Years |
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Years of Establishment |
1993 |
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Turn Over |
07-08 Rs. 9.500 Millions |
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Turn Over Year |
08-09 Rs. 15.000 Millions |
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Trade Affiliations |
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SSI Registration |
03.17/ 138581 |
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Standards & Certifications |
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Quality Management Systems |
ISO- 9001-2001 |
Trade References:
- Amul Production, Gujarat
- Verka Milk Plants, Ludhiana
- AIRTEL
- Tata Indicom
AS PER WEBSITE
Profile:
Welcome to Vishal Holo Solutions - supplier of Security Hologramsand
allied products to curb counterfeit losses and to enhance brand image
They introduce themselves as India based one of the
leading manufacturer and exporter of Security holograms, hologram labels,
hologram stickers, holographic hot stamping foils, tamper
evident labels.
Other security products include shrink sleeves with holograms, holographic
induction wads and lids for bottles, self adhesive paper labels with holograms,
Holographic scratch off labels,
destructible or breakable vinyl labels, hologram film for flexible packaging
like pouches, holographic duplex boards and paper. They also provide decorative
holographic sequins for textile industry.
They are specialized in providing Security hologram products for pharmaceutical packaging like holographic aluminium foils, online transfer of holograms on blister and aluminum foils, holographic lids, printed labels with hologram transfer on them.
Their company also offers a wide range of security elements that can be
incorporate in various technologies like 2D/3D holograms, 3D Holograms, Dot
Matrix Holograms, True color Holograms, E Beam holograms with various
combinations.
In addition to this they can also provide multi-layered security solutions by integrating the holograms with other security technologies – inks, printed labels, tags, inkjet/laser serial numbering etc.
They are committed to provide holographic products with ongoing up gradation of technology and continuous research and development to stay ahead of counterfeiters.
Subject is promoted by the Vishal
Group of industries with vast experience inareas such as packaging, papers, holograms,
PVC pipes and real estate businesses.
They are committed to provide holographic solutions tailored to suit the
security, promotional and packaging needs with mission to provide:
- Affordable prices with the best delivery times.
- Products built on the strength of technology, quality and precision.
- Services built on the strength of humility and dedication.
- Security built on the strength of sincerity and alertness.
- Confidence built on the strength of experience in the field of packaging.
Other Established Companies of Vishal Group
- Vishal Coaters Limited, Patiala (Manufacture writing printing
paper)
- VHS Paper Products, Patiala (Manufacture Exercise Notebooks and
stationery products)
- Vishal Paper Mills Limited, Malerkotla (Manufacture various types
of duplex boards)
- Vishal Papertech (India) Limited, Chandigarh (Manufacture
various types of duplex Boards)
- Vishal Pipes, Patiala (Manufacture PVC pipes)
- Their
Holographic products used in packaging and Security applications in
various industries.
- Hologram Labels (in sheet and spool form)
- Special transparent/semi-transparent
Holograms
- Holographic Hot Stamping foils
- Scratch off Hologram Labels
- Destructible vinyl with Holograms
- Holographic induction wads/lids
- Shrink Sleeves with Holography
Holographic Aluminum foils - Self adhesive paper label with Hologram
- Holographic Laminates for Flexible packaging like
pouches etc.
Holographic Sequins for Textile Industry
Holographic wide web film - Holographic duplex Boards and paper
Hologram Types
2D/3D Holograms
2D/3D HOLOGRAMS are generated from
conventional line artwork and give spatial effects with a vibrant colour
change. 2D/3D holograms can be produced with two or three levels of depth.
These holograms are the most cost effective.
Dot Matrix Holograms
In this technology holograms are made up
of a series of dots or pixels. Each pixel or dot can diffract coloured light at
a different angle. The image seems to be kinetic as it is moved and different
regions of the image are illuminated. These holograms are considered to be most
secured. The holograms made with this technique can be seen in any lighting
conditions. Multi-layered and 3-dimensional effects are also available in
combination dot matrix features.
E-Beam Holograms
The holograms developed using E-beam technology are considered
to the most secured holograms. The E-beam system technology is very expensive compare
to other techniques.
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.44.07 |
|
UK Pound |
1 |
Rs.81.26 |
|
Euro |
1 |
Rs.64.71 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
4 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
3 |
|
--LIQUIDITY |
1~10 |
4 |
|
--LEVERAGE |
1~10 |
4 |
|
--RESERVES |
1~10 |
4 |
|
--CREDIT LINES |
1~10 |
4 |
|
--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 |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
38 |
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 |
|