MIRA
INFORM REPORT
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Report Date : |
26.03.2008 |
IDENTIFICATION
DETAILS
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Name : |
GLOBAL PRINTING AND PACKAGING COMPANY PRIVATE LIMITED |
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Registered Office : |
A/ 83, Industrial Estate, Rajaji Nagar, Bangalore – 560044, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
29.04.1998 |
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Com. Reg. No.: |
08- 23682 |
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CIN No.: [Company
Identification No.] |
U22212KA1998PTC023682 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
BLRG00957F |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturers, exporters and importers dealing in Printing and
Packaging, Cartons, Labels, Leaflets, Pharma Literature, Visual Aids,
Greeting Cards, Table Calendars, Blister Cards, Roll Labels, Fluted Cartons,
Hand Tags, Shopping Bags, User Manual and Books. |
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 312992 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject appears to be an established company. No payments records are available. Trade relations are fair. Nothing adverse reported The company can be considered normal for business dealing at usual trade terms and conditions. |
LOCATIONS
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Registered Office/ Factory: |
A 83, Industrial Estate, Rajaji Nagar, Bangalore – 560044, Karnatak, India |
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Tel. No.: |
91-80-23208056/ 23351577/ 23382915/ 23402656/ 233/ 83064/ 23382915 |
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Mobile : |
91-9844060708/ 9900246806/ 9900246804/ 9900246824 |
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Fax No.: |
91-80-23106150 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. B. K. Manjunath |
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Designation : |
Director |
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Address : |
12, III Stage, Vinayaka Layout, Vijayanagar, Bangalore – 560040,
Karnataka, India |
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Date of Birth/Age : |
19.06.1958 |
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Date of Appointment : |
29.04.1998 |
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Name : |
Mr. B K Surendranath |
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Designation : |
Director |
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Address : |
12, III Stage, Vinayaka Layout, Vijayanagar, Bangalore – 560040,
Karnataka, India |
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Date of Birth/Age : |
03.10.1956 |
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Date of Appointment : |
29.04.1998 |
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Name : |
Mr. B K Amarnath |
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Designation : |
Director |
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Address : |
1201 III Stage, Vinayaka Layout, Vijayanagar, Bangalore – 560040,
Karnataka, India |
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Date of Birth/Age : |
18.05.1962 |
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Date of Appointment : |
05.03.2007 |
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Name : |
Mr. B K Sanjeevanath |
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Designation : |
Director |
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Address : |
5 GF Dollar Scheme, 17th Main Nandini Layout BG, Bangalore
– 560096, Karnataka, India |
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Date of Birth/Age : |
12.06.1960 |
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Date of Appointment : |
05.03.2007 |
KEY EXECUTIVES
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Name : |
Mr. K Dushyantha Kumar |
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Designation : |
Company Secretary |
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Address : |
Rukmini, 1st Floor, 252/B, 2nd C Main, 1st
Phase, Giinagar, Bangalore - 560085 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr. B K Jagdeesh |
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4000 |
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Mrs. Renuka Jagdeesh |
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4500 |
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Mrs. Sharmila Amarnath |
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9250 |
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Mr. B K Surendranath |
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8000 |
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Mr. B. K. Manjunath |
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10100 |
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Mr. B K Sanjeevanath |
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10100 |
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Mr. B K amarnath |
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6900 |
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Mr. B K Ramanatha |
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8100 |
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Mrs. B S Sandhya |
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12200 |
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Mrs. Bhavana Manjunath |
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10000 |
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Mrs. Sumana Sanjeeanath |
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10600 |
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Clarion Merchants Private Limited |
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8000 |
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K B Combines Private Limited |
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6000 |
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Metlex Goods and services Private Limited |
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6000 |
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Metropolitan Carriage and Trading Company Private Limited |
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3000 |
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Rishab Electrical Private Limited |
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5000 |
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Tobu Engineering Limited |
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6000 |
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Venue Dealing Private Limited |
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5000 |
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Total |
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132750 |
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Category |
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Percentage |
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Bodies Corporate (not mentioned above) |
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50.00 |
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Directors or relatives of directors |
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50.00 |
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Total |
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100.00 |
BUSINESS DETAILS
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Line of Business : |
Manufacturers, Exporters and Importers dealing in Printing and
Packaging, Cartons, Labels, Leaflets, Pharma Literature, Visual Aids,
Greeting Cards, Table Calenders, Blister Cards, Roll Labels, Fluted Cartons,
Hand Tags, Shopping Bags, User Manual and Books. |
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Products : |
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Exports : |
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Countries : |
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Imports : |
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Countries : |
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GENERAL
INFORMATION
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Bankers : |
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Banking
Relations : |
Unknown |
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Auditors : |
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Name : |
Udaya Ravindra and Manoj Chartered Accountants |
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Address : |
No.4, II Floor, Sree Ramabhadra Complex, No.4/5 Poojari Cheluvaiah
Lane SJP Road, Cross, Bangalore – 560002, Karnataka, India |
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Membership : |
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Associates/Subsidiaries : |
Rajhans Printers Private Limited |
CAPITAL STRUCTURE
Authorised Capital:
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No. of Shares |
Type |
Value |
Amount |
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300000 |
Equity Share |
Rs.100/- each |
Rs.30.000 Millions |
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Issued, Subscribed & Paid-up Capital:
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No. of Shares |
Type |
Value |
Amount |
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132750 |
Equity Share |
Rs.100/-
each |
Rs.13.275
Millions |
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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 |
13.275 |
13.275 |
13.275 |
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2] Share Application Money |
0.000 |
0.000 |
1.725 |
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3] Reserves & Surplus |
64.973 |
59.088 |
48.380 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
78.248 |
72.363 |
63.380 |
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LOAN FUNDS |
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1] Secured Loans |
32.798 |
34.844 |
19.757 |
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2] Unsecured Loans |
0.000 |
0.339 |
0.230 |
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TOTAL BORROWING |
32.798 |
35.183 |
19.987 |
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DEFERRED TAX LIABILITIES |
4.005 |
5.273 |
5.341 |
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TOTAL |
115.051 |
112.819 |
88.708 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
50.248 |
48.393 |
53.779 |
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Capital work-in-progress |
0.000 |
0.000 |
0.000 |
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INVESTMENT |
0.000 |
0.000 |
0.000 |
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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 |
14.864
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7.038 |
7.349 |
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Sundry Debtors |
56.996
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60.136 |
30.803 |
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Cash & Bank Balances |
3.485
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5.524 |
2.828 |
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Other Current Assets |
0.000
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0.000 |
0.000 |
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Loans & Advances |
12.363
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11.215 |
7.070 |
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Total
Current Assets |
87.708
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83.913 |
48.050 |
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Less : CURRENT LIABILITIES & PROVISIONS |
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Current Liabilities |
22.905
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19.487 |
13.121 |
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Provisions |
0.000
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0.000 |
0.00 |
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Total
Current Liabilities |
22.905
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19.487 |
13.121 |
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Net Current Assets |
64.803
|
64.426 |
34.929 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.000 |
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TOTAL |
115.051 |
112.819 |
88.708 |
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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
(Including Other Income) |
190.264 |
170.186 |
123.714 |
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Total Income |
190.264 |
170.186 |
123.714 |
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Profit/(Loss) Before Tax |
9.321 |
16.597 |
8.486 |
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Provision for Taxation |
3.436 |
5.889 |
3.190 |
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Profit/(Loss) After Tax |
5.885 |
10.708 |
5.296 |
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Total Expenditure |
180.943 |
153.589 |
115.228 |
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 |
(%) |
3.09
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6.29 |
4.28 |
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Net Profit Margin (PBT/Sales) |
(%) |
4.90
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9.75 |
6.86 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
6.76
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12.54 |
8.33 |
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Return on Investment (ROI) (PBT/Networth) |
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0.12
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0.23 |
0.13 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.71
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0.75 |
0.52 |
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Current Ratio (Current Asset/Current Liability) |
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3.83
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4.31 |
3.66 |
LOCAL AGENCY
FURTHER INFORMATION
Form 8:
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Name of the company |
GLOBAL PRINTING AND PACKAGING COMPANY PRIVATE LIMITED |
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Presented By |
State Bank of
India, Commercial Branch, Rajajinagar, Bangalore – 560044 And Global Printing and Packaging Company Private Limited |
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1) Date and description of instrument creating the change |
Date : 07.08.2003 General Agreement
for the grant of medium Term Advance to small Scale Industries and
Hypothecation of Movables, Book Debts, and Other assets. |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.18.000
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
all present and future stocks, Book Debts, Other Movable and Other Assets and
Plant and Machinery. Machinery Spares, Tools and Accessories like plate
making Machine, offset Printing Machine, Die Cutting, Folder Glues,
Varnishing Machines, UV Coating and Caring Machine, Hot Foiling Machine etc. |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of
Interests: 0.35% over SBMTLR with a minimum of 11.6% per annum Repayment: In 20
quarterly Instalments of Rs.0.900 Million each. |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of
India Commercial
Branch, Rajajinagar, Bangalore – 560044, |
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6) Date and brief description of instrument modifying the charge |
Date : 26.11.2005 Agreement of
Hypothecation of Goods and assets. From C.2 Letter regarding the grant of
individual limits within the overall limit form C.5 |
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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. |
By the above, the
amount secured by the charge stands Reduced from Rs.18.000 Millions to
Rs.9.500 Millions Rate of Interests
and other terms and conditions as applicable and as advised by the Bank from
time to time. Security/ies
already obtained and the Security/ies now obtained like present and future
goods, Book debts and all other movable assets of the borrower including
documents of title to goods, outstanding monies receivable including
receivable by way of cash assistance and/or cash incentive under the cash
incentive scheme or any other scheme, Claims, including claims by way of refund of customs/excise
duties under the duty draw back credit scheme or any other scheme, bills,
invoices, documents, contracts, insurance police, guarantees, engagements,
securities, investments, rights and hypothecation of the present machinery
listed in the schedule hereunto and all future machinery belonging to or in
the possession or under the control of the borrower wherever lying, stored
and kept and whether in possession of the borrower or of the bank or of any
third party whether in India or
elsewhere through out the world including all such goods, other movable
assets as may be in course of shipment, transit or delivery, by way of First
charge will cover the entire credit facilities of Rs.9.500 Millions (All other terms
and conditions remain uncharged) |
Facilities:
- 5 and 4 color
offset printing Machines
- 8 color Flexo
printing with UV
- Spot and full
varnishing
- Spot and Full
UV Coating
- Gloss and
matte Lamination
- High Speed
Die cutting
- Automoatic
Folding and Gluing
- Hot Foiling
and Embossing
Global Printing and Packaging scouts for global alliances
Thursday,
May 12, 2005 08:00 IST
Reinforcing its role as an industry leader in a broad range of paper packaging,
the five year-old Bangalore based Global Printing & Packaging Company
Private Limited, is scouting for tie-ups or joint venture initiatives from
foreign packaging companies to be able to offer the latest in packaging to a
wide range of customers.
The company, which already has bagged a significant business from the Karnataka
pharma majors for their export sales, has received a positive response to its
capability in packaging.
Global has been recognised for its quality and quick delivery response which
resulted in direct enquiries from global companies based on superiority in the
final product. These companies are of the view that it would be cost
competitive for them to outsource packaging from India.
Several multinational companies have entered country to provide modern and
customer-oriented design. The presence of foreign companies in the domestic
arena alters the customer’s requirements which make Indian units edgy and hence
they look out for either potential joint ventures to increase their sales or
invest to update their products and production processes.
"We are on the look out for collaborations from global majors to have a
presence in the international market. It would give us the biggest advantage if
we team-up with leaders in the field," said BK Manjunath, director,
marketing Global Printing & Packaging Company Private Limited.
In order to capitalise on the latest technology advantage, Global is investing
around Rs.15.000 Millions to install a CTP Computer to Plate label inspection
system.
Global which is an associate company of Rajan Hans Printers has invested
Rs.15.000 Millions since its inception to cater to the growing pharma industry
needs.
It has gone ahead to install state-of-the-art machinery to offer customers a
better range of options. The packaging machines are sourced from global leaders
in Japan, Germany and Switzerland. The range includes 5 colours Heidelberg CPC
CD with in-line coater, 8 colour Gallus Flexo Machine, Misuibishi 4 colour CPC
machine, Planeta P2 4CPC, VC VD machine with UV curing facility.
The company draws from a knowledge base of more than five years of industry
experience. Furthermore, its reach in the state gives it the advantage of
offering an innovative range of packaging solutions to the market. Its client
profile literally covers the big names in the pharma industry in the state.
It has also recognized the need to satisfy customer requirements for smaller,
faster packs with high accuracy which is a key requirement in the
pharmaceutical industry.
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.40.12 |
|
UK Pound |
1 |
Rs.79.95 |
|
Euro |
1 |
Rs.62.41 |
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 |
|