MIRA
INFORM REPORT
|
Report Date : |
17.05.2008 |
IDENTIFICATION
DETAILS
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Name : |
HI GLO HOLO IMAGES PRIVATE LIMITED |
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Registered Office : |
Near Bhakra Bridge, Vill Rauni, Patiala – Nabha Road, Patiala –
147004, Punjab |
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Country : |
India |
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Financials (as on) : |
31.03.2007 |
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Date of Incorporation : |
07.02.1995 |
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Com. Reg. No.: |
015749 |
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CIN No.: [Company
Identification No.] |
U22219PB1995PTC015749 |
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TAN No.: [Tax
Deduction & Collection Account No.] |
PTLH10766A |
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PAN No.: [Permanent
Account No.] |
AAACH4407R |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Holograms, Holographic and other anti-counterfeit
Solutions |
RATING &
COMMENTS
|
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 34808 |
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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 and reputed company meeting its normal
commitments timeously. Trade relations are fair. Business is active. The company can be considered good for normal business dealings |
INFORMATION PARTED
BY
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Name : |
Mr. Sandeep Gupta |
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Designation : |
Director |
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Contact No.: |
9814347826 |
LOCATIONS
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Registered Office/Factory : |
Near Bhakra Bridge, Vill Rauni, Patiala – Nabha Road, Patiala –
147004, Punjab, India |
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Tel. No.: |
91-175-2366852 / 2366998 / 2365691 / 6536852 / 6535691 |
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Mobile No.: |
91-9814423278 |
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Fax No.: |
91-175-2366998 / 2366852 |
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E-Mail : |
DIRECTORS
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Name : |
Mr. Rajinder Chowdhary |
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Designation : |
Director |
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Date of Birth/Age : |
19.08.1924 |
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Date of Appointment : |
26.10.1998 |
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Name : |
Mr. Balbir Chand |
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Designation : |
Director |
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Date of Birth/Age : |
01.06.1947 |
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Date of Appointment : |
26.10.1998 |
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Name : |
Mrs. Vidya Sagar |
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Designation : |
Director |
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Date of Birth/Age : |
15.06.1949 |
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Date of Appointment : |
26.10.1998 |
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Name : |
Mr. Pradeep |
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Designation : |
Director |
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Date of Birth/Age : |
04.07.1956 |
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Date of Appointment : |
26.10.1998 |
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Name : |
Mrs. Suman Gupta |
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Designation : |
Director |
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Address : |
32, Green View Colony, Rajbaha Road, Patiala 147001, Punjab |
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Date of Birth/Age : |
14.08.1951 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.02.1995 |
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Name : |
Mr. Sandeep Gupta |
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Designation : |
Director |
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Address : |
12, Urban Estate, Phase – 1, Patiala 147001 |
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Date of Birth/Age : |
07.07.1968 |
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Qualification : |
Graudate |
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Date of Appointment : |
01.04.1995 |
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Name : |
WG. CDR. Arun Kumar Gupta |
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Designation : |
Director |
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Address : |
Gobind Cotton Factory, Railway Road, Nabha 147002 |
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Date of Birth/Age : |
09.01.1951 |
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Qualification : |
Graduate |
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Date of Appointment : |
07.02.1995 |
KEY EXECUTIVES
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Name : |
Mr. Ajay K Arora |
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Designation : |
Company Secretary |
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Address : |
S C O, 64-65, 1st Floor, Sector 17-A, Madhya Marg, Chandigarh
160017 |
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Tel No.: |
91-175-2701906 / 2632086 |
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Mobile No.: |
91-9814005492 |
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E-Mail : |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
Not Available
BUSINESS DETAILS
|
Line of Business : |
Manufacturer of Holograms, Holographic and other anti-counterfeit
Solutions |
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Products : |
Holograms
Holographic
Products
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Exports : |
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Products : |
Holographic and
Holograms |
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Countries : |
USA, SA, Australia, Dubai, Pakistan,Spani and New Zealand |
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Imports : |
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Products : |
Machinery |
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Countries : |
USA |
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Terms : |
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Selling : |
Credit (30 days, 60 days0 |
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Purchasing : |
Credit ( 30 days, 60 days) and
Cash |
GENERAL
INFORMATION
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Customers : |
Wholesaler and Retainers |
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No of Employees : |
15 |
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Bankers : |
State Bank of Patiala, Mall Road Branch, Patiala |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Goyal Mahajan and Company Chartered Accountants |
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Address : |
Leela Bhawan Complex, Patiala – 147001, Punjab |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
400000 |
Equity Shares |
Rs.10/- each |
Rs.4.000 millions |
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
331000 |
Equity Shares |
Rs.10/- each |
Rs.3.310
millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
ABRIDGED BALANCE
SHEET
|
SOURCES OF FUNDS |
31.03.2007 |
31.03.2006 |
31.03.2005 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
3.310 |
3.310 |
3.310 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
5.392 |
4.072 |
2.152 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH |
8.702 |
7.382 |
5.462 |
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LOAN FUNDS |
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1] Secured Loans |
1.293 |
1.028 |
1.243 |
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2] Unsecured Loans |
1.987 |
2.672 |
2.722 |
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TOTAL BORROWING |
3.280 |
3.700 |
3.965 |
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DEFERRED TAX LIABILITIES |
1.561 |
1.575 |
1.161 |
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TOTAL |
13.543 |
12.657 |
10.590 |
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APPLICATION OF FUNDS |
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FIXED ASSETS [Net Block] |
9.359 |
8.648 |
8.172 |
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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 |
1.665
|
1.763 |
1.121 |
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Sundry Debtors |
4.003
|
5.275 |
5.106 |
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Cash & Bank Balances |
0.877
|
0.282 |
0.483 |
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Other Current Assets |
0.000
|
0.000 |
0.054 |
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Loans & Advances |
0.463
|
0.397 |
0.429 |
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Total
Current Assets |
7.008
|
7.717 |
7.193 |
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Less : CURRENT
LIABILITIES & PROVISIONS |
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Current Liabilities |
2.824
|
3.708 |
4.778 |
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Provisions |
0.000
|
0.000 |
0.000 |
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Total
Current Liabilities |
2.824
|
3.708 |
4.778 |
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Net Current Assets |
4.184
|
4.009 |
2.415 |
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MISCELLANEOUS EXPENSES |
0.000 |
0.000 |
0.003 |
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TOTAL |
13.543 |
12.657 |
10.590 |
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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 |
13.830 |
15.009 |
14.006 |
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Other Income |
0.050 |
0.276 |
0.000 |
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Total Income |
13.880 |
15.285 |
14.006 |
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Profit/(Loss) Before Tax |
3.222 |
3.025 |
1.735 |
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Provision for Taxation |
1.147 |
1.107 |
0.652 |
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Profit/(Loss) After Tax |
2.075 |
1.918 |
1.083 |
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Expenditures : |
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Depreciation & Amortization |
0.689 |
0.617 |
0.566 |
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Other Expenditure |
9.826 |
11.513 |
11.543 |
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Total Expenditure |
10.515 |
12.13 |
12.109 |
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KEY RATIOS
|
PARTICULARS |
|
31.03.2007 |
31.03.2006 |
31.03.2005 |
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PAT / Total Income |
(%) |
14.94
|
12.54 |
7.732 |
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Net Profit Margin (PBT/Sales) |
(%) |
23.29
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20.15 |
12.38 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
19.68
|
18.48 |
11.29 |
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Return on Investment (ROI) (PBT/Networth) |
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1.58
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0.40 |
0.31 |
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Debt Equity Ratio (Total Liability/Networth) |
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0.32
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0.50 |
0.87 |
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Current Ratio (Current Asset/Current Liability) |
|
2.48
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2.08 |
1.50 |
LOCAL AGENCY
FURTHER INFORMATION
Trust Steal Chart
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Parameters |
Details |
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Statutory Approval |
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Income Tax Registration (PAN) |
AAACH4407R |
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Central Sales Tax Registration |
03811050166 |
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VAT Registration |
03811050166 |
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Import Export Code |
3002007510 |
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Current account Number |
55124745093 |
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Account Since |
1995 |
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Emp PF Reg Number |
PBCH20313 |
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Credibility Factors |
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IndiaMart Client since |
7 years |
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Year of Establishment |
October 1995 |
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Trade Affiliations |
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SSI Registration |
Yes |
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Export Promotion Council |
NO |
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Chambers of Commerce Membership |
No |
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D&B D-U-N-S Number |
No |
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Government Recognized Export House Status |
NO |
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Standard and
Certifications |
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Quality Management Systems |
ISO 90012000 |
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Environment Management Systems |
NO |
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Products Certificated |
NO |
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Other Cretificates |
HOMAI Certificate IHMA Certificate IQC Global Certificate |
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Name of the company |
HI GLO HOLO IMAGES PRIVATE LIMITED |
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Presented
By |
Mrs. Suman Gupta,
Director |
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1) Date and description of instrument creating the change |
Hypothecation
agreement dated: 06.08.1996 |
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2) Amount secured by the charge/amount owing on the securities of charge |
Rs.0.768 million
for cash credit Rs.0.200 million
for D.D. Purchase |
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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
raw materials, stock in process, finished goods, movable machinery equipment
tools spares and stores stored at factory at Nabha Road, Patiala |
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4) Gist of the terms and conditions and extent and operation of the charge. |
Rate of Interest
18.75%p.a. extent of operation 100% repayable on demand |
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5) Name and Address and description of the person entitled to the charge. |
State Bank of
Patiala, Mall Road Branch, Patiala |
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6) Date and brief description of instrument modifying the charge |
NA |
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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. |
NA |
Trade References:
- Milk Food Limited
- Spice Telecom
- Gubriel India Limited
- Dharshree Tea Industries
As Per Web Details
Profile:
ISO 9001:2000 Certified, Subject known as "The Security, Serrvice & Quality Experts in Manufacturing of Holograms, Holographic & other anti-counterfeit Solutions" is an experienced company in the field of hologram manufacturing and supplying. They supply customized holographic films, hologram labels and stickers in different shapes and sizes ranging from 8mm x 8mm to 150mm x 150mm.
Their objective is to help clients fight against counterfeiting and hence
securing their business interests.
Based at Patiala, (Punjab) in India with state of art manufacturing facilities,
their Directorial Staff comprises highly professional and trained holographers,
experts in their respective fields. They believe in producing best Hologram
products at most affordable prices.
They specialize in providing solutions to all requirements of their valued
customers like hologram: sticker, labels, holographic films, custom hologram,
PVC shrink labels, Shrink Sleeves, Scratch off labels/ Cards
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 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.42.89 |
|
UK Pound |
1 |
Rs.84.84 |
|
Euro |
1 |
Rs.67.61 |
SCORE & RATING
EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
3 |
|
PAID-UP CAPITAL |
1~10 |
3 |
|
OPERATING SCALE |
1~10 |
3 |
|
FINANCIAL CONDITION |
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|
|
--BUSINESS SCALE |
1~10 |
4 |
|
--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
|
--LEVERAGE |
1~10 |
3 |
|
--RESERVES |
1~10 |
3 |
|
--CREDIT LINES |
1~10 |
3 |
|
--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 |
YES |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
27 |
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 |
|