BUSINESS INFORMATION REPORT
- Summary Information
|
Company Name |
PRINT IT – DIVISION OF INDRAYANI SALES PRIVATE LIMITED |
Principal Name 1 |
RAHUL MARUTI ZINE |
|
Status |
SATISFACTORY |
Principal Name 2 |
PRASHANT MARUTI ZINE |
|
Street Address |
6/ 107, SANJAY MITTAL INDUSTRIAL ESTATE, ANDHERI KURLA ROAD, ANDHERI
(EAST), MUMBAI – 400 059, MAHARASHTRA |
||
|
Established Date |
05.08.2005 |
SIC Code |
-- |
|
Telephone# |
91-22-40404040 (100 lines) |
Business Style 1 |
MANUFACTURER |
|
Fax # |
91-22-40404242 |
Business Style 2 |
EXPORTER |
|
Homepage |
Product Name 1 |
CARTRIDGE |
|
|
# of employees |
35 |
Product Name 2 |
LASER TONER CARTRIDGE |
|
Paid up capital |
Rs.5,000,000 |
Product Name 3 |
- |
|
Shareholders |
DIRECTORS
OR RELATIVES OF DIRECTORS |
Banking |
PUNJAB NATIONAL BANK |
|
Public Limited Corp. |
No |
Business Period |
3 YEARS |
|
IPO |
- |
International Ins. |
-- |
|
Public Enterprise |
No |
Rating |
Ba |
|
Related Company |
|||
|
Relation |
Country |
Company Name |
CEO |
|
ASSOCIATES/SUBSIDIARIES |
INDIA |
DEEPA TRADERS |
-- |
|
Note |
- |
||
2. Summary
Financial Statement
|
Balance Sheet as of |
30.09.2008 |
(Unit: Indian Rs.) |
|
|
Assets |
Liabilities |
||
|
Current Assets |
35,996,000 |
Current Liabilities |
28,602,000 |
|
Inventories |
9,182,000 |
Long-term Liabilities |
12,041,000 |
|
Fixed Assets |
1,597,000 |
Other Liabilities |
0 |
|
Deferred Assets |
0 |
Total Liabilities |
40,643,000 |
|
Invest& other Assets |
0 |
Retained Earnings |
1,132,000 |
|
|
|
Net Worth |
6,132,000 |
|
Total Assets |
46,775,000 |
Total Liab. & Equity |
46,775,000 |
|
Total Assets (31.03.2008) |
39,932,000 |
|
|
|
P/L Statement as of |
30.09.2008 |
(Unit: Indian Rs.) |
|
|
Sales |
54,800,000 |
Net Profit |
1,603,000 |
|
Sales(31.03.2008) |
38,827,000 |
Net Profit(31.03.2008) |
318,000 |
MIRA
INFORM REPORT
|
Report Date : |
17.12.2008 |
IDENTIFICATION
DETAILS
|
Name : |
PRINT IT – DIVISION OF INDRAYANI SALES PRIVATE LIMITED |
|
|
|
|
Registered Office : |
6/ 107, Sanjay Mittal Industrial Estate, Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra |
|
|
|
|
Country : |
India |
|
|
|
|
Financials (as on) : |
30.09.2008 |
|
|
|
|
Date of Incorporation : |
05.08.2005 |
|
|
|
|
Com. Reg. No.: |
155147 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U51909MH2005PTC155147 |
|
|
|
|
IEC No.: |
0305088840 |
|
|
|
|
TAN No.: [Tax
Deduction & Collection Account No.] |
MUMI07069G MUMI07578E |
|
|
|
|
PAN No.: [Permanent
Account No.] |
AABCI3891F |
|
|
|
|
Legal Form : |
Private Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer and Exporter of Cartridge, Laser Toner Cartridge,
Chemical Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and
Printer Chips. |
RATING &
COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 31000 |
|
|
|
|
Status : |
Satisfactory |
|
|
|
|
Payment Behaviour : |
No complaints |
|
|
|
|
Litigation : |
Clear |
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|
|
|
Comments : |
Subject is a well established and reputed company having satisfactory
track. Trade relations are fair. No complaints have been heard. The company can be considered good for
normal business dealings. |
INFORMATION PARTED
BY
|
Name : |
Mr. Rahul Maruti Zine |
|
Designation : |
Director |
|
Contact No.: |
Mobile no. 91-9867504040 |
|
Date : |
10.12.2008 |
LOCATIONS
|
Registered Office : |
6/ 107, Sanjay Mittal Industrial Estate, Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India
|
|
Tel. No.: |
91-22-40404040 (100 lines) |
|
Mobile No.: |
91-9867504040 |
|
Fax No.: |
91-22-40404242 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
1700 (carpet) sq ft |
|
Location : |
Rented |
|
|
|
|
Factory : |
R – 436, Rebale MIDC, Rebale, New Mumbai – 400 701, Maharashtra, India |
|
E-Mail : |
|
|
Area : |
8000 sq ft |
|
Location : |
Leased |
|
|
|
|
Branch Office 1 : |
3/ 128, Rahul Mittal Society,
Mittal Industrial Estate, Andheri Kurla Road, Andheri (East), Mumbai – 400
059, Maharashtra, India |
|
Area : |
1500 sq ft |
|
Location : |
Owned |
|
|
|
|
Branch Office 2
: |
3/ 9, Jai Rajendra Park Housing Society, Station Road, Goregaon
(West), Mumbai – 400 062, Maharashtra, India
|
|
Tel. No.: |
91-22-28789887 |
|
Area : |
350 sq ft |
|
Location : |
Owned |
DIRECTORS
|
Name : |
Mr. Rahul Maruti Zine |
|
Designation : |
Director |
|
Address : |
104, A Wing, Crystal Palace, Near Rambaug, Powai Police Station,
Powai, Mumbai – 400
001, Maharashtra, India |
|
Date of Birth/Age : |
25.12.1976 |
|
Qualification : |
MBA |
|
Experience : |
8 Years |
|
|
|
|
Name : |
Mr. Prashant Maruti Zine |
|
Designation : |
Director |
|
Address : |
Archana Bunglow, Sandesh Nagar, Vasant Tekadi, Ahmednagar – 414 003,
Maharashtra, India |
|
Date of Birth/Age : |
04.08.1973 |
|
Qualification : |
B. Sc (Chem.) |
|
Experience : |
12 Years |
|
|
|
|
Name : |
Ms. Bhagyashree Mahawarkar |
|
Designation : |
Director |
|
Date of Birth/Age : |
11.04.1970 |
|
Qualification : |
B.Com |
|
Experience : |
10 Years |
|
|
|
|
Name : |
Mr. Viresh Kamal Kabra |
|
Designation : |
Director |
|
Address : |
17/14, Sumit Building, GB Nagar, Andheri East, Mumbai – 400 059,
Maharashtra, India |
|
Date of Birth/Age : |
07.03.1976 |
|
Qualification : |
HSC |
|
Experience : |
12 Years |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
|
Names of Shareholders |
No. of Shares |
|
Rahul Maruti Zine |
293500 |
|
Prashant Maruti Zine |
35000 |
|
Bhagyashree Mahawarkar |
66500 |
|
Viresh Kamal Kabra |
95000 |
|
Total |
490000 |
BUSINESS DETAILS
|
Line of Business : |
Manufacturer and Exporter of Cartridge, Laser Toner Cartridge,
Chemical Toner Powder, OPC Drum, Wiper Plate, Primary Magnetic Roller and
Printer Chips. |
|
|
|
|
Products : |
|
|
|
|
|
Brand Names : |
PRINTIT |
|
|
|
|
Agencies Held : |
Force 10 Networks Inc. USA Distributor |
|
|
|
|
Imports : |
|
|
Products : |
Toner Powder, OPC Drum, Printer Accessories, OPC Drum and Ink, MICR
Powder and Chips, Routers and Switches |
|
Countries : |
Malaysia, Singapore, Germany, China, Korea, UK and USA |
|
|
|
|
Terms : |
|
|
Purchasing : |
Cash |
PRODUCTION STATUS
|
Particulars |
Installed
Capacity |
Actual
Production |
|
Working for remanufacturing capacity of 10000 cartridges per month
production would start by end of January |
15000 |
30000 |
|
|
|
|
GENERAL
INFORMATION
|
Suppliers : |
|
|
|
|
|
Customers : |
Wholesalers, Retailers and End Users |
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|
|
No. of Employees : |
35 |
|
|
|
|
Bankers : |
Punjab National Bank, Malad East, Mumbai |
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|
|
|
|
|
|
Banking
Relations : |
--- |
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|
|
|
Auditors : |
|
|
Name : |
S.S. Gurav and Associates Chartered Accountants |
|
Address : |
D 2/ 507, Haria Dream Park, Mira Bhayender, Mira Road, Thane |
|
E-Mail: |
|
|
|
|
|
Associates/Subsidiaries : |
Archana Petroleum Owner: Mr. Prashant zine Address: Pandharewadi, Visapur Phata, At Post Kolgaon Taluka Shrigonda
District Ahmednagar state Maharashtra Line of business: Petrol Pump License of Bharat Petroleum Corporation
Limited Deepa Traders Address: 3/ 9, Jai Rajendra Park Housing Society, Station Road,
Goregaon (West), Mumbai – 400 062, Maharashtra Owned 350 carpet Tel. No.: 91-22-28789887 |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000 millions |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
500000 |
Equity Shares |
Rs.10/- each |
Rs.5.000
millions |
|
|
|
|
|
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
30.09.2008 (6 MONTHS) |
31.03.2008 |
31.03.2007 |
|
|
SHAREHOLDERS FUNDS |
|
|
|
|
|
1] Share Capital |
5.000 |
0.100 |
0.100 |
|
|
2] Share Application Money |
0.000 |
0.000 |
0.000 |
|
|
3] Reserves & Surplus |
1.132 |
0.695 |
0.377 |
|
|
4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
|
|
NETWORTH |
6.132 |
0.795 |
0.477 |
|
|
LOAN FUNDS |
|
|
|
|
|
1] Secured Loans |
9.817 |
9.562 |
8.039 |
|
|
2] Unsecured Loans |
2.224 |
2.962 |
0.225 |
|
|
TOTAL BORROWING |
12.041 |
12.524 |
8.264 |
|
|
DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18.173 |
13.319 |
8.741 |
|
|
|
|
|
|
|
|
APPLICATION OF FUNDS |
|
|
|
|
|
|
|
|
|
|
|
FIXED ASSETS [Net Block] |
1.597 |
1.199 |
1.346 |
|
|
Capital work-in-progress |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
INVESTMENT |
0.000 |
0.000 |
0.000 |
|
|
DEFERREX TAX ASSETS |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
CURRENT ASSETS, LOANS & ADVANCES |
|
|
|
|
|
|
Inventories |
9.182
|
9.708 |
9.050 |
|
|
Sundry Debtors |
34.266
|
28.079 |
5.973 |
|
|
Cash & Bank Balances |
0.574
|
0.098 |
1.012 |
|
|
Other Current Assets |
0.709
|
0.452 |
0.000 |
|
|
Loans & Advances |
0.447
|
0.396 |
0.347 |
|
Total
Current Assets |
45.178
|
38.733 |
16.382 |
|
|
Less : CURRENT
LIABILITIES & PROVISIONS |
|
|
|
|
|
|
Current Liabilities |
28.602
|
26.613 |
8.987 |
|
|
Provisions |
0.000
|
0.000 |
0.000 |
|
Total
Current Liabilities |
28.602
|
26.613 |
8.987 |
|
|
Net Current Assets |
16.576
|
12.120 |
7.395 |
|
|
|
|
|
|
|
|
MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
|
|
|
|
|
|
|
|
TOTAL |
18.173 |
13.319 |
8.741 |
|
PROFIT & LOSS
ACCOUNT
|
PARTICULARS |
30.09.2008 (6 MONTHS |
31.03.2008 |
31.03.2007 |
|
|
Sales Turnover |
54.800 |
38.827 |
21.886 |
|
|
Other Income |
0.124 |
0.075 |
0.015 |
|
|
Total Income |
54.924 |
38.902 |
21.901 |
|
|
|
|
|
|
|
|
Profit/(Loss) Before Tax |
2.426 |
0.599 |
0.555 |
|
|
Provision for Taxation |
0.823 |
0.281 |
0.227 |
|
|
Profit/(Loss) After Tax |
1.603 |
0.318 |
0.328 |
|
|
|
|
|
|
|
|
Imports : |
|
|
|
|
|
|
Raw Materials |
44.473 |
32.775 |
NA |
|
Total Imports |
44.473 |
32.775 |
NA |
|
|
|
|
|
|
|
|
Expenditures : |
|
|
|
|
|
|
Cost of Goods Sold |
NA |
NA |
14.084 |
|
|
Manufacturing Expenses |
1.430 |
0.829 |
NA |
|
|
Administrative Expenses |
2.519 |
1.458 |
1.255 |
|
|
Interest |
1.064 |
1.376 |
NA |
|
|
Depreciation & Amortization |
0.208 |
0.231 |
0.100 |
|
|
Other Expenditure |
47.277 |
34.409 |
5.907 |
|
Total Expenditure |
52.498 |
38.303 |
21.346 |
|
KEY RATIOS
|
PARTICULARS |
|
30.09.2008 (6 MONTHS |
31.03.2008 |
31.03.2007 |
|
PAT / Total Income |
(%) |
2.92
|
0.82 |
1.50 |
|
|
|
|
|
|
|
Net Profit Margin (PBT/Sales) |
(%) |
4.43
|
1.54 |
2.54 |
|
|
|
|
|
|
|
Return on Total Assets (PBT/Total Assets} |
(%) |
5.19
|
1.50 |
3.13 |
|
|
|
|
|
|
|
Return on Investment (ROI) (PBT/Networth) |
|
0.40
|
0.75 |
1.16 |
|
|
|
|
|
|
|
Debt Equity Ratio (Total Liability/Networth) |
|
6.63
|
49.23 |
36.17 |
|
|
|
|
|
|
|
Current Ratio (Current Asset/Current Liability) |
|
1.58
|
1.46 |
1.82 |
LOCAL AGENCY
FURTHER INFORMATION
TRADE REFRENCES:
DC Infotech
Contact Person: Mr. Chetan T
Address: A/ 101, Gopal Buvan, 28, Azad Road, Andheri Kurla Road, Andheri
(East), Mumbai – 400 059, Maharashtra, India
Tel. No.: 91-22-26849000
Patel Traders
Contact Person: Mr. Jayendra Patel
Address: 7, Pavan Apartment, Opposite Reliance Web World, Vijay Road,
Navranpura, Ahmedabad – 380 009, Gujarat, India
Tel. No.: 91-79-32914107
Mobile No.: 91-9825523201
Prime Print Solution
Contact Person: Mr. Madhusudhan
Address: Aiziz Mulk, 15 Street, Thousands light, Chennai – 600 006
Mobile No.: 91-9940047645
S.L.G. Manufacturer Company
Contact Person: Mr. R.K. Gulati
Address: 210, Shahazada Baugh, Industrial Complex, Phase II, Inder lok,
New Delhi – 110 035, India
Mobile No.: 91-9312229628
WEBSITE DETAILS:
PROFILE:
Indrayani Sales Private Limited is a fledgling company in the imaging Industry, but one that is on the right track to explosive growth through its hard work, integrity and dedication to customer service and satisfaction.
The short and fruitful stint that they have had in the Imaging Industry has prompted them to confidently launch the own brand of products under the name of Print It – “Complete Imaging Technology”.
The efficient running of any successful Enterprise necessitates the presence of good infrastructure. They have spared no efforts in setting up the same for them. They plan to have the presence across the country with the products.
They are involved in the sale of Monochrome toner as well as chemical toner as said Copier Toners, Laser Toners and Colour Toners (compatible with HP, Lexmark, Canon, Samsung etc.) as also the spares that are related to Laser Toners Cartridge: OPC Drum, Wiper Blade, Dr. Blade, Chips, Primary Charge Roller, Magnetic Sleeves Roller, Printer Parts : Upper rollers, Lower rollers, Lamps, Fuser Film Sleeves etc.
They research and source the products from the diverse range of locations across the globe such as Japan, Taiwan, Korea, China, Malaysia, Singapore, US, Germany etc.
Indrayani Sales Private Limited is also the sole distributors for the Force 10 Networks Inc. USA., Chasis Switches, Routers, Line Core.
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.47.82 |
|
UK Pound |
1 |
Rs.73.08 |
|
Euro |
1 |
Rs.65.56 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
5 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
6 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
5 |
|
--RESERVES |
1~10 |
5 |
|
--CREDIT LINES |
1~10 |
5 |
|
--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 |
|
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
|
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 |
|