MIRA
INFORM REPORT
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Report Date : |
02.12.2008 |
IDENTIFICATION
DETAILS
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Name : |
AEGEAN OFFSET PRINTERS |
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Registered Office : |
F-17, Mayapuri Industrial Area, Phase-2, New Delhi – 110 064, Delhi |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
1984 |
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IEC No.: |
0588100161 |
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TIN No.: |
07550028639 |
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PAN No.: [Permanent
Account No.] |
AAEFA4280E |
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Legal Form : |
Partnership concern with an unlimited liability of the company. |
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Line of Business : |
Service Provider for Commercial Offset Printing Solutions |
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 50000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Slow but Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern having satisfactory track
records. Trade relations are fair. Payments are reputed as slow but correct. However, the concern can be considered normal for business dealings at
usual trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. Ajay Talwar |
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Designation : |
Proprietor (Chief Executive Officer) |
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Name : |
Mr. Mahendra |
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Designation : |
Accountant |
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Contact No.: |
91-9810061746/ 9871594199 |
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Date : |
03.11.2008 |
LOCATIONS
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Registered Office : |
F-17, Mayapuri Industrial Area, Phase-2, New Delhi – 110 064, Delhi,
India |
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Tel. No.: |
91-11-41845201/ 41845202/ 41845421 |
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Mobile No.: |
91-9810061746/ 9871594199 |
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Fax No.: |
91-11-41845422 |
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E-Mail : |
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Area : |
1000 sq ft |
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Location : |
Owned |
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Factory : |
D-220, Udyog Kendra – 1, Greater Noida, Sector – ECOTEC 3 |
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Area : |
2000 sq mtr. |
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Location : |
Owned |
SOLE
PROPRIETOR/PARTNER
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Name : |
Mr. Ajay Talwar |
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Designation : |
Proprietor (Chief Executive Officer) |
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Date of Birth/Age : |
51 Years |
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Qualification : |
Chartered Accountant |
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Experience : |
27 Years |
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Name: |
Ms.Satya Talwar |
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Designation: |
Partner |
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Address: |
47/22, East Patel Nagar, New Delhi – 110 008 |
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Date of Birth/Age: |
58 Years |
BUSINESS DETAILS
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Line of Business : |
Service Provider for Commercial Offset Printing Solutions |
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Products : |
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Exports : |
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Products : |
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Countries : |
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Imports : |
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Products : |
Mitsubishi Printing Machines |
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Countries : |
Japan |
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Terms : |
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Selling : |
Cash and Credit |
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Purchasing : |
Cash and Credit |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
65 |
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Bankers : |
Canara Bank, East Patel Nagar, New Delhi |
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Facilities : |
-- |
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Banking
Relations : |
Satisfactory |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.6.700 Millions |
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Borrowed : |
-- |
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Total : |
Rs.6.700 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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85.000 |
70.000 |
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Profit/Loss for the year |
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12% |
12% |
Expected Sales (2008-09): Rs.100.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
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Parameters |
Details |
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Existence Verification |
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Name |
Aegean Offset Printers |
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Address |
F-17, Mayapuri Industrial Area, Phase-2, New Delhi – 110 064, Delhi,
India |
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Phone/ Mobile Numbers |
91-11-41845201/ 41845202/ 41845421 |
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Fax Numbers |
91-11-41845422 |
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Statutory Approvals |
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Legal Status of Firm |
Partnership Company |
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Income Tax Registration |
AAEFA4280E |
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VAT/ TIN Registration |
07550028639 |
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Import Export Code |
0588100161 |
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Name of Bank |
Canara Bank, East Patel Nagar, New Delhi |
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Emp PF Reg Number |
DL/ 14249 |
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Company ESI Reg. Number |
11-15669 |
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Credibility Factors |
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Years of Establishment |
1984 |
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Turn Over |
Rs.85.000 Millions |
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Turn Over Year |
2008 |
Profile
Subject an ISO 9001 certified company serving clients since 1984. It is a professionally managed company headed by a chartered accountant. Aegean believes in acquiring the latest technology and equipment to offer the best solutions for commercial offset printing and to its clients. The philosophy of Aegean is excellent quality and service at good prices. Creo CTP, Heidelberg and Mitsubishi printing machines and complete bindery for soft bound and hard case makes Aegean a very reliable partner for the printing needs. Their strength is printing high quality books, journals, magazines and tags. Their penchance for embracing the latest technologies enables them to produce quality with economy. They treat printing like an art- like a painter who treasures all his paintings.
Subject was set-up in 1984 as a
job-work press. Within a short span of time, the company graduated to providing
total print production solutions. This rapid growth of Aegean may be attributed
to its emphasis on innovation. An emphasis on looking beyond the obvious and
finding more cost-efficient and time-saving solutions alongside this growth,
Aegean has also acquired an enviable reputation for its uncompromising quality
and consistency
COMPREHENSIVE SERVICE Today, Aegean offers a comprehensive service from
preliminary design concepts, through print production to delivery. All design
and print production activities are carried out completely in-house on the
latest available graphic design, pre-press, printing and post-production
equipment. Schedule and budget requirements are adhered to while producing high
quality results which meet the clients objectives.
Years of keen understanding of producing books and periodicals has placed
Aegean in a position to offer total book design and production solutions to its
customers. This also enables Aegean to achieve a high degree of efficiency
within the shortest possible time.
Attention to detail and commitment to excellence has resulted in numerous satisfied clients and a body of work which has been recognized for outstanding achievement. Today, Aegean's clients are spread all over the globe. Small wonder then, that Aegean currently is one of the most respected names in India in the book printing business and offset printing services. And what's more, all their products come with the basic Aegean advantage - High Quality, Timely Delivery and Cost Effective.
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.62 |
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UK Pound |
1 |
Rs.76.71 |
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Euro |
1 |
Rs.61.30 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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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 |
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 |
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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46 |
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, we have no basis upon which to
recommend credit dealings |
No Rating |
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