MIRA
INFORM REPORT
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Report Date : |
11.01.2008 |
IDENTIFICATION
DETAILS
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Name : |
KANAN GRAPHICS
PRIVATE LIMITED |
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Registered Office : |
A-303, Virwani
Industrial Estate, Western Express Highway, Goregaon, Mumbai – 400 063, Maharashtra |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
13.03.2000 |
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Com. Reg. No.: |
11-124850 |
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CIN No.: [Company
Identification No.] |
U51900MH2000PTC124850 |
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IEC No.: |
0302080121 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
MUMK07974B |
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Legal Form : |
Private Limited
Liability Company |
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Line of Business : |
Trader of Offset
Ink and Adhesive |
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 22000 |
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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 company dealing in offset ink and adhesives. Trade relations
are fair. General financial position is satisfactory. Payments are usually
correct and as per commitments. The company can
be considered normal for business dealings at usual trade terms and
conditions. |
LOCATIONS
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Registered Office : |
A-303, Virwani
Industrial Estate, Western Express Highway, Goregaon, Mumbai – 400 063,
Maharashtra, India |
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Tel. No.: |
91-22-40038001/2 |
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Mobile No.: |
91-9820126577/
9324526577 |
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Fax No.: |
91-22-40038000 |
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E-Mail : |
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Website : |
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Area : |
1350 sq. ft.
[Owned] |
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Head Office: |
106, Kamaldeep
Industrial Estate, Sonawala Cross Rd No.2, Goregaon (East), Mumbai – 400063 |
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Tel. No.: |
91 22 2685
8629/8632 |
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Fax No.: |
91 22 2685 8953 |
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E-Mail : |
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Braches: |
A/2, 222, Shah & Nahar Industrial
Estate, Lower Parel, Mumbai - 400013 EL - 90 TTC Industrial Area, Mhape,
Navi Mumbai 7, Agarwal Udyog Nagar, Building No,
8, Sativali, Vasai (East), Thane - 401208 |
DIRECTORS
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Name : |
Mr. Chetan
Shantilal Shah |
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Designation : |
Director |
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Address : |
84, Vasukamal,
Next to Club Aquaria, Devid as Lane, Borivali (West), Mumbai – 400 103,
Maharashtra, India |
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Date of Birth/Age : |
27.08.1964 |
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Qualification : |
B. Sc. |
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Date of Appointment : |
13.03.2000 |
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Name : |
Mrs. Parul C.
Shah |
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Designation : |
Director |
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Address : |
84, Vasukamal,
Next to Club Aquaria, Devid as Lane, Borivali (West), Mumbai – 400 103,
Maharashtra, India |
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Date of Birth/Age : |
31.01.1967 |
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Qualification : |
B. Com. |
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Date of Appointment : |
13.03.2000 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Chetan Shah |
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30000 |
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Parul Shah |
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20000 |
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Rashmi Shah |
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25000 |
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Mayur Shah |
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100 |
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Vaishali Shah |
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100 |
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Jil Shah |
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100 |
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Chimanlal P. Mehta |
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100 |
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Vilas C Mehta |
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100 |
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Rahul C Mehta |
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100 |
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Rupal C Mehta |
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100 |
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Kaustubh Shah |
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100 |
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Equity Share
Breakup |
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Percentage of
Holding |
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Category |
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Directors or relatives of directors |
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100.000 |
BUSINESS DETAILS
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Line of Business : |
Trader of Offset
Ink and Adhesive |
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Products : |
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Brand Names : |
“Micro” and
“Pidilite” |
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Agencies Held : |
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Terms : |
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Selling : |
Cash upto
30-60-90 days basis |
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Purchasing : |
Cash upto 90 days
basis |
GENERAL
INFORMATION
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Customers : |
End Users |
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No. of Employees : |
14 |
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Bankers : |
Bharat
Co-Operative Bank (Mumbai) Limited, Borivali (West) Branch, Mumbai |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
S. V. Pinge and Company Chartered Accountants |
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Address : |
1/1, Mitrakul, Ram Nagar Road, Saibaba Nagar, Borivali [West], Mumbai
– 400092, Maharashtra, India |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
Issued, Subscribed & Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
|
250000 |
Equity Shares |
Rs. 10/- each |
Rs. 2.500 Millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
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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 |
2.500 |
2.500 |
0.758 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
3.086 |
1.168 |
1.585 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
(0.827) |
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NETWORTH |
5.586 |
3.668 |
1.516 |
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LOAN FUNDS |
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1] Secured Loans |
14.440 |
8.483 |
2.482 |
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2] Unsecured Loans |
0.375 |
1.726 |
2.968 |
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TOTAL BORROWING |
14.815 |
10.209 |
5.450 |
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DEFERRED TAX LIABILITIES |
0.000 |
0.000 |
0.000 |
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TOTAL |
20.401 |
13.877 |
6.966 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
5.209 |
5.191 |
0.920 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.100 |
0.100 |
0.075 |
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DEFERREX TAX ASSETS |
0.003 |
0.000 |
0.006 |
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CURRENT ASSETS, LOANS & ADVANCES |
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Inventories |
5.161
|
4.669 |
1.021 |
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Sundry Debtors |
17.619
|
11.810 |
8.795 |
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Cash & Bank Balances |
0.041
|
0.011 |
0.107 |
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Other Current Assets |
0.000
|
0.000 |
6.030 |
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Loans & Advances |
0.204
|
0.129 |
0.431 |
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Total
Current Assets |
23.025
|
16.619 |
16.384 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
7.247
|
7.953 |
10.430 |
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Provisions |
0.689
|
0.088 |
0.000 |
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Total
Current Liabilities |
7.936
|
8.041 |
10.430 |
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Net Current Assets |
15.089
|
8.578 |
5.954 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.008 |
0.011 |
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TOTAL |
20.401 |
13.877 |
6.966 |
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PROFIT & LOSS
ACCOUNT
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PARTICULARS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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Sales Turnover |
62.088 |
40.419 |
31.937 |
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Profit/(Loss) Before Tax |
3.799 |
1.030 |
0.353 |
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Provision for Taxation |
0.000 |
0.000 |
0.111 |
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Profit/(Loss) After Tax |
3.799 |
1.030 |
0.242 |
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Interest |
0.722 |
0.425 |
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Other Expenses |
57.567 |
38.964 |
31.584 |
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Total Expenses |
58.289 |
39.389 |
31.584 |
KEY RATIOS
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PARTICULARS |
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31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
6.12
|
2.55 |
0.76 |
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Net Profit Margin (PBT/Sales) |
(%) |
6.12
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2.55 |
1.11 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
13.46
|
4.72 |
2.04 |
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Return on Investment (ROI) (PBT/Networth) |
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0.68
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0.28 |
0.23 |
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Debt Equity Ratio (Total Liability/Networth) |
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4.07
|
4.98 |
10.47 |
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Current Ratio (Current Asset/Current Liability) |
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2.90
|
2.07 |
1.57 |
LOCAL AGENCY
FURTHER INFORMATION
BANKERS CHARGES
REPORT AS PER REGISTRY
|
Name of the company |
KANAN GRAPHICS PRIVATE LIMITED |
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Presented By |
BHARAT
CO-OPERATIVE BANK (MUMBAI) LIMITED, BORIVALI (WEST) BRANCH, MUMBAI – 400092 |
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1) Date and description of instrument creating the change |
28.08.2000 Hypothecation of Tangible
Movable Property Charge and
Hypothecation of Book debts [Both the
documents constitute a single charge]
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs. 2.000
Millions |
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3) Short particular of the property charged. If the property acquired is subject to charge, date of the acquired of the property should be given |
Hypothecation of
way of First charge in favour of the Bank Stock including
therein the stocks thereof for time being whether raw or manufactured or in
the process of manufacture, and also all products goods and any and every
machinery, tool, tangible movable property of the borrow whether now lying or
at any time hereafter during the continuance of this security lying or being
in or about the borrower’s premises wherever else the same may be or be held
by any party anywhere to the order and disposition of the borrower or in
course of transit to the borrower. Hypothecation by way
of first charge on all the outstanding book debts, money receivables, claims
and approve book debts, due to the borrower’s and bills which are now due and
owing or which become due and owing to the borrower in the course of its
business by any person, firm, company or by the Government or any local or
public body or authority. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Interest at the
rate of 15.50 % p.a. for the Cash Credit limit of Rs. 2.000 Millions granted
by the Bank to the Company. |
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5) Name and Address and description of the person entitled to the charge. |
Bharat
Co-Operative Bank (Mumbai) Limited, Borivali (West) Branch, B [6 to 8],
Mandapeshwar Industrial Premises Co-operative Society Limited, S. V. P. Road,
Borivali [West], Mumbai – 400092 |
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6) Date and brief description of instrument modifying the charge |
09.12.2005 Hypothecation of
Tangible Movable Property Charge and
Hypothecation of Book debts [Both the documents
constitute a single charge] |
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7) Particulars of modifications specifying the terms and conditions or the extent of operations of the charge in which modification is made and the details of the modification. |
At the request of
the Borrower, the Bank has enhanced the Cash Credit Limits from Rs. 3.000
Millions to Rs. 5.000 Millions by sanction of additional Cash Credit Limits
of Rs. 2.000 Millions. To secure the due repayment of all the banking Limits and for all costs,
interest and other cost charges thereon continuation of the existing first
charge and hypothecation over stocks lying at Industrial Highway, Goregaon
[East], Mumbai – 400063 or wherever else located and book debts There is also
change in the interest rate. Interest rate @ 14.50 % p.a. with monthly rest
or such other rate as may decided by the Bank from time to time. Penal Interest of
2.00 % p.a. in addition to the above rate in case of default. Other terms and
conditions as per the loaning documents sanctioned by the Borrower Company
with the Bank. The total charge
stands modified from Rs. 3.000 Millions to Rs. 5.000 Millions Save and except
the above the terms and conditions mentioned in the original agreement of
hypothecation of Tangible movable property and charge and hypothecation of
book debts dated 28.08.2000 for Rs. 2.000 millions as modified by agreement
of hypothecation of tangible movable property and charge and hypothecation of
book debts dated 04.08.2003 for Rs. 2.500 Millions by way of first
modification and as modified by agreement of hypothecation of tangible
movable property and charge and hypothecation of book debts dated 13.12.2004
for Rs. 3.000 millions by way of second modification shall remain the
same. |
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This form is for |
Modification of
charge |
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Charge
identification number of the charge to be modified |
90143006 |
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Corporate
identity number of the company |
U51900MH2000PTC124850 |
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Name of the
company |
KANAN GRAPHICS
PRIVATE LIMITED |
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Address of the registered
office or of the principal place of
business in India of the company |
A-303, Virwani
Industrial Estate, Western Express Highway, Goregaon, Mumbai – 400 063,
Maharashtra, India |
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Type of charge |
|
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Particular of
charge holder |
Bharat
Co-Operative Bank (Mumbai) Limited, Borivali (West) Branch, B [6 to 8],
Mandapeshwar Industrial Premises Co-operative Society Limited, S. V. P. Road,
Borivali [West], Mumbai – 400092 |
|
Nature of
description of the instrument creating or modifying the charge |
Hypothecation of
Tangible Movable Property, Agreement for creating charge on Book debts both
dated 03.11.2006 two Memorandum of Entry – recording the continuation of
deposit of title deeds dated 03.11.2006 in respect of Industrial unit at
A-303, Virwani Industrial Estate, Western Express Highway, Goregaon, Mumbai –
400 063 and at Unit No. 222, 2nd Floor, Shah and Nahar Industrial
Estate, Building No. A – 2, Shah and Nahar Industrial Premises Co-operative
Society Limited, Dhanraj Mills Compound, Lower Parel, Mumbai – 400013 |
|
Date of
instrument Creating the charge |
03.11.2006 |
|
Amount secured by
the charge |
Rs. 12.500
Millions |
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Brief particulars
of the principal terms an conditions and extent and operation of the charge |
Rate of Interest
: @ 11 % in respect
of increase Cash Credit Limit of Rs. 12.500 Millions Margin : 25 % to 40 % Extent and
operation of the charge : The Existing
charge for the Cash Credit facilities of Rs. 7.000 Millions would now be
extended for the enhanced limit of Rs. 12.500 Millions |
|
Short particulars
of the property charged |
Hypothecation of
Company’s stocks, goods, monies receivables, claims and approved book debts
due to the company and collateral security by equitable mortgage by deposit
of title deed of the company’s immovable property situated at A-303, Virwani
Industrial Estate, Western Express Highway, Goregaon, Mumbai – 400 063 and at
Unit No. 222, 2nd Floor, Shah and Nahar Industrial Estate,
Building No. A – 2, Shah and Nahar Industrial Premises Co-operative Society
Limited, Dhanraj Mills Compound, Lower Parel, Mumbai – 400013 |
|
Date of latest
modification prior to the present modification |
08.06.2006 |
|
Particulars of
the present modification |
The present
modification is to secure the enhanced Cash credit limit from Rs. 7.000
millions to Rs. 12.500 Millions. The rate of
interest has also revised from Rs. 10 % to 11 % p.a. |
AS PER
WEBSITE
Profile
Kanan Graphics is a leading printing plates, Chemicals,
Adhesives, Inks, Paper & supplies distributor offering graphic supplies to
businesses since 1985, servicing the needs of quick printers
They are always near to the printers:
Their distribution is exceedingly good for the Western India
Region the hub being Mumbai and three more strategically located branches
within Mumbai for quick dispatch of material to the printer meeting his
constant and immediate demands.
They provide Technical Support (Value Added Service):
Their team comprises of Technically correct staff who
understands the need of the printer having practical experience of working on
machines of different manufacturers. Having closely worked on intricate details
of the machine they know what works best for the customer and are always
available for any trouble shooting assistance should the customer need.
History
Phototypesetting Machines
Two Frenchmen, Rene Alphonse Higonnet and Louis Marius
Moyroud, developed a successful phototypesetter that used a strobe light and a
series of optics to project characters from a spinning disk onto photographic
paper. According to Britannica Encyclopedia*, "the first mechanical
phototypesetters involved the adaptation of existing typesetters by replacing
the metal matrices with matrices carrying the image of the letters and
replacing the caster with a photographic unit. The industrial application of
this idea resulted in the Fotosetter (1947), a phototypesetter... The first
revolutionary application of this notion was the Lumitype, invented as the
Lithomat in 1949 by two Frenchmen, René Higonnet and Louis Moyroud. Executed by
phototypesetting, The Marvelous World of Insects was done on their machine in
1953. The first model had an attached keyboard. Later models with a separate
keyboard printed more than 28,000 characters per hour... ...a third generation
of phototypesetters appeared in the 1960s, in which all mechanical moving parts
were eliminated by omitting the use of light and therefore omitting the moving
optical device responsible for operating in its field."
Phototypesetting
Louis Marius Moyroud and Rene Alphonse Higonnet developed the first practical
phototypesetting machine.
Phototypesetting Using phototypesetting, a direct image of the text is
obtained, positive or negative, according to need, on a photosensitive, usually
transparent surface by exposing the surface to light through transparent
matrices, negative or positive, of the letters and symbols.
GENESIS: PRE-GUTENBERG
In the beginning there was the word. But even before the
Christian era, the Chinese would cut words in wood, ink the blocks, lay paper
over and rub the back of the paper until it took imprint. Then they rolled it
up or folded it zigzag like a fan. 1400 years later, Europeans used this
"frotton printing" to make up playing cards (anonymously and
illegally), and then devotional prints when the Church granted indulgences for
visiting shrines. But quite apart from all this, Cicero had something to say (he
thought) about God: "He who believes this (that a world full of order and
beauty could be formed by fortuitous concourse of solid and individual bodies)
may as well believe that a great quantity of the one-and-twenty letters,,
composed either of gold or any other matter, thrown upon the ground, would fall
into such order as to form the Annals of Ennius."
GUTENBERG:
Then Gutenberg invented mass-production. THE PRESS he used had its origins as a
wine press in the Rhine valley before the paper mills developed it to squeeze
water out of new sheets. THE INK he made up, out of heated linseed oil, resin,
soap and lampblack. FOR TYPE, he cut 264 CHARACTERS on the end of steel
punches, drove them into brass bars to form matrices, placed them in an
ajustable mold--for different widths, alignments, etc. then poured in molten
lead. FOR STYLE OF TYPE AND LAYOUT, he copied the manuscripts current with
scribes in the Middle Ages. His finished pages had two narrowcolumns and huge
margins for the illuminators to run rampant with borders and elaborate
initials. The type was derived from black letter--it survived in Germany until
Hitler decreed that it was an invention of the jews and banned it. Books kept
looking like manuscripts, as an apology for not being quite as good as
handwork--until the Nuremberg Chronicles, a history of the world up to the date
of publication, for which there was no precedence. It was printed in German,
and illustrated by Albrecht Durer's master, with 1809 illustrations made up out
of only 645 woodcuts: 44 crowned heads for 270 kings, 28 effigies for 226
popes. Fifty years after Gutenberg, there were 1000 printers in 200 places in
Europe, printing 35,000 works in a total of 12 million copies.
TYPEFACES reflected the preferred inscriptional tool of the age:
BOOKFACES
"HUMANIST" reflects the action of a square-tipped pen cut to write at
an angle of thirty degrees. The origin was a Carolingian script evolved by the
scribes of Charlemagne to copy religious and classical works. Renaissance
scholars four centuries later mistook it to be roman and instructed their own
scribes to copy it. It was since used in books commissioned by noblemen and
merchants. "GARALDE" was cut by Francesco Griffo for Aldus Manutius.
It was the first Italic, invented to save space while setting the Aldine
Classics-- the first of the "pocket editions.". The letterhand was
developed by the scribes of the Papal Chancery for documents and letters.
Manutius weaned his printing from patronage to publish for the wider public..
"TRANSITIONAL" typefaces broke from calligraphic convention and had a
new aesthetic--the engraver which sculpted away metal to reveal the word. The
most famous, the Romain Du Roi Louis XIV, was commissioned by the Royal
Printing Establishment, designed by a committee of mathematicians and
philosophers and drawn on 2304 squares based on classical geometric
principles. With the advent of the industrial revolution came the DISPLAY
FACES. They were freshly coined by the emerging machine technology and
delivered the short sharp messages of advertising.
SLAB SERIF: because while cutting modern forms in wood, the fine serif broke
down.
LINEAL: Of which the most famous, Grotesque, was designed for its capacity to
be condensed or expanded to any extent. GLYPHIC because now was the time to
explore the script made by lettering tools other than the pen.
SCRIPTS to duplicate the work of intaglio engravers.
ILLUSTRATION WOODCUTS : were executed with knife and chisel and set alongside the
type to be printed at the same time. Because knifework is limited by the coarse
sidegrain of the wood, the image has a natural affinity to type. The German
work, especially, is angular, with heavy lines that married well to black
letter types. Italian woodcuts had delicacy and open fluid lines, and were
combined with roman types.
COPPERPLATE ENGRAVING was first the property of several Dutch map
printers who used it to meet the need for accurate and detailed navigational
maps. Later Christopher Plantin adopted it for book illustration. He used a
burin to inscribe lines onto copper plates, flooded ink into the lines and
wiped away the surplus--the same techniques now used in intaglio printing. The
plates were printed separately from the text and sewn into the book at
completion. In the eighteenth century, Thomas Bewick revived WOOD ENGRAVING
using graver and gouge on the end grain of wood. He drew large areas of form in
white line upon black, defining details by inscribing rather than excising
(WHITE- LINE METHOD). This method then fell into the hands of copyists who for
the next half- century filled books, magazines and newspapers with cheap
imitations of artwork originated in other media. In the 18th and 19th century,
many craftsmen worked side by side. The LITHOGRAPHER drew onlimestone to
produce models for posters, music sheets, and brochures. He also did landscapes
for the topographical travel books that were fashionable. The STEEL ENGRAVER
held his forged steel graver in the palm of the one hand. The plate was held
against a leather, sand-filled pad. With the other hand, he turns the plate
into the stroke of the graver and achieves lines which vary both in width and
depth. The master ETCHER first prepared his plate He heated it evenly, rolled
on an acid-resisting ground (made of wax, mastic and asphaltum), and smoked the
surface with lampblack off a wax taper. His tool was a steel needle, with which
he scored the wax to expose the metal. When he has finished, he submerged the
plate into a series of acid baths to render the different shadings in the
design. With AQUATINT, the plate is coated in resin, which allowed the acid to
penetrate only in individual spots: which appeared as black dots in the final
print. MEZZOTINT plates were roughened with serrated metal rollers to attract
ink, then the lighter areas of design burnished back up.
TYPECASTING
Before the 19th century, printers cast a FOUNDRY TYPE which they
reused after every printing. The compositor set the type in a "stick"
(narrow tray) which he held in his left hand. With his right, he placed the
letters in reading sequence with the tops towards himself. He could feel with
his fingers the nicks along the bottom of the type and know that they were
facing the right way. He put blocks of type metal between words--brass for a 1
point space, copper for 1/2 point and stainless steel for 1/4. In 1884, Ottmar
Mergenthaler, coming to America from Germany to help his cousin in his patent
model shop, invented a setting-justifying-casting machine since called the
LINOTYPE. The one operator stood at the keyboard while the Linotype composed a
line of brass matrices,
pressed them into a mold, and filled it with lead to form a solid slug. After
every job, the slugs were remelted for the next batch.
Stanley Morrison founded the MONOTYPE Corporation in the 1920's around a
machine invented by Tolbert Lanston which made individual characters instead of
solid lines. The Monotype was really two machines, one a keyboard which
perforated a paper tape, the other read the tape and put the right letter
matrix into position to receive hot metal. The British loved it because it
because they could hand-compose and make corrections, but the Americans
disliked finicking with loose characters. In its heyday, the Monotype Co had a
typecutting program based on historical research and hosting such designers as
Eric Gill and Jan van Krimpen. They recut classic faces, reissued typographical
decorations, and commissioned new designs --perpetua, romulus, gill sans,
univers sans serif, and the Times New Roman, especially created for newspaper
work.
PRESSES
LETTERPRESS
In 1800, Lord Stanhope had a cast-iron screw press made. Its strength was
such it could print two folio pages at a time.
CYLINDER PRESSES
Only a few years later, Friedrich Konig built a wood prototype of
an iron press, where a cylinder rolled across the type. Far less pressure was
required because only one fraction of the type was in contact with the roller
any time. When Konig hooked up his press to the steam engine, it put out 1100
large sheets per hour. He enlisted the help of London Times, which then had a
circulation of 10,000,and soon eight men worked his press at 4000 copies an
hour. .In time, a press that fed paper from a roll put out 12,000 copies per
hour. Still, PLATEN PRESSES had their place in small jobbing work-- business
cards and bill heads. The UPSIDE DOWN press mounted the type form above. Paper
was fed onto the platen below and the press closed by a treadle flywheel.
PHOTOENGRAVING
A metal plate is coated with light-sensitive bitumen and
then exposed to light through a negative. The HALFTONE process involved
photographing a tonal image through a fine screen to create discret dots of
various sizes which to the eye represented different
shades.
LITHOGRAPHY
Alois Senefelder was a young actor and playwright in Munich in
1798, trying to print his own plays. "I had just ground a stone plate
smooth in order to treat it with etching fluid and to pursue on it my practice
in reverse writing, when my mother asked me to write a laundry list for her.
The laundress was waiting, but we could find no paper.... I wrote the list
hastily on the clean stone.... As I was preparing afterwards to wash the
writing from the stone..., I became curious to see what would happen with
writing made thus of prepared ink, if the stone were now etched with aqua
fortis (nitric acid). I thought that possibly the letters would be left in
relief and admit of being inked and printed like book types or woodcuts."
Later, plates of zinc, iron, brass and copper were ground with pumis and chalk
and wrapped around a cylinder to substitute for stone. Photography made it
possible to fix an image onto a photosensitive plate by exposure through a
negative. In OFFSET printing, the first image is printed onto a rubber blanket
on an offset roller before being transferred to the stock--tin, glass, or paper
PHOTOGRAVURE In 1814, the inventor of photography, J. Nicephore Niepce,
combined the methods of photography and intaglio printing. He coated a metal
plate with light-sensitive bitumen, covered it with an engraved print and
exposed it to daylight. The areas of bitumen unprotected by the dark lines on
the print were hardened while the rest of the bitumen washed away.
FROM PATRONAGE TO PUBLIC
For three and a half century after the invention of printing, books were rare
and expensive. Printers fought the powers that felt threatened by the printed
word and the prejudice that print was inferior to manuscript. Where possible
they relied on patronage.
They were scholars that found and verified their own copies
out of existing manuscripts, cast them in type, printed them, and then were
their own booksellers In the early sixteenth century book printing came to its
maturity. The main fonts had been established. GARAMOND became the first
independent typefounder to specialize in supplying type to any printer. The
reading public grew with the emerging middle class and printers sought agents
to sell abroad. Those agents became the first publishers. Christopher Plantin
designed his formats to suit his markets and recognized publishing and
distribution as being separate from printing. The House of Plantin stood for
300 years until 1867. With the advent of the Elzevir family, publishing and
printing became more important than printing. The leading philosophy was widest
audience at small cost. The scholar and student could afford a library on their
pet subject. The Elzevirs themselves were visited in their workshops by
thinkers and writers. In the middle of all this--William Morris--whose
background was the industrial revolution and who loved medieval architecture,
fought against the current degeneration in typography. He printed books with
handpress on handmade paper. He revived Gothic blackletter types to combine with
heavy woodcut borders, creating richly decorated, but difficult to read -- art
objects. That he did so was inconsistent with his love of Karl Marx and his
philosophy of utility and beauty but did encourage the return of aesthetics to
machine printing. Francis Meynell came from a literary family. When he founded
the Nonesuch Press in 1923, he was a designer who drew
plans, chose materials, and decided the final form of the book. After him,
other publishers began employing staff designers as a matter of course. The
Curwen Press had a design studio which united the art and technique of
printing.
As a leading distributor their inventory includes the
following
- Printing plates chemicals and papers from
Technova
- Lamination Pasting Binding Adhesives from
Pidilite
- Printing inks from Arets Graphics,
Belgium.
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.39.29 |
|
UK Pound |
1 |
Rs.76.92 |
|
Euro |
1 |
Rs.57.71 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
6 |
|
PAID-UP CAPITAL |
1~10 |
5 |
|
OPERATING SCALE |
1~10 |
5 |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
5 |
|
--PROFITABILIRY |
1~10 |
4 |
|
--LIQUIDITY |
1~10 |
5 |
|
--LEVERAGE |
1~10 |
4 |
|
--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 |
|
44 |
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 |
|