MIRA
INFORM REPORT
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Report Date : |
18.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
COSMOS PRINTERS AND PUBLISHERS |
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Registered Office : |
# 450, 3rd Cross, Wilson garden, Bangalore – 560 027,
Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 (Estimated) |
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Year of Establishment : |
1980 |
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Legal Form : |
Sole Proprietory Concern |
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Line of Business : |
Manufacturer of Print Material, Printer and Binders, Book Publishers. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
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Maximum Credit Limit : |
USD 50000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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Comments : |
Subject is a well-established and reputed concern having satisfactory
track. Proprietor is reported as
experienced and respectable businessman.
Trade relations are reported as fair.
Business is active. Payments
are usually correct and as per commitments. The concern can be considered normal for business dealings at usual
trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr. G. Raghavan |
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Designation : |
Proprietor |
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Contact No.: |
91- 9342810585 |
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Date : |
11.11.2008 |
LOCATIONS
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Registered Office / Factory: |
# 450, 3rd Cross, Wilson garden, Bangalore – 560 027,
Karnataka, |
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Tel. No.: |
91-80-22229667/ 22124418 |
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Mobile No.: |
91-9342810585 (Mr. G Raghvan) |
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Fax No.: |
91-80-22124418 |
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E-Mail : |
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Website : |
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Area : |
3000 Sq. fts. |
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Location : |
Owned (Equipped with Akiyama Hi-Ace Multi Colour Machine, Kimori
Printing Machine with Binding Facilities / with inline Coater) |
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Branches : |
Proposing in New Jersey |
SOLE PROPRIETOR
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Name : |
Mr. G. Raghavan |
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Designation : |
Proprietor |
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Date of Birth/Age : |
48 years |
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Qualification : |
BA |
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Experience : |
28 years |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Print Material, Printer and Binders, Book Publishers. |
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Products : |
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Imports : |
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Products : |
Printer Material |
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Countries : |
Japan, Germany |
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Terms : |
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Selling : |
Credit (30days – 60 days) |
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Purchasing : |
L/C, Sight, Credit (45days – 90 days) |
GENERAL
INFORMATION
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Suppliers : |
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Customers : |
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No. of Employees : |
17 (Office 2, Factory 15) |
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Bankers : |
State Bank of India S I B Branch, J C Road, Bangalore – 560 002, India |
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Facilities : |
CC Rs. 0.500 Million and OD Rs.1.000 Million |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
M/s G.S. Raghuram and Company Chartered Accountants |
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Address : |
Located at Bangalore, India |
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Memberships : |
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CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 10.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 10.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
31.03.2008 (Estimated) |
31.03.2007 |
31.03.2006 |
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Sales Turnover |
10.000 |
5.000 |
4.500 |
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Profit for the year |
Around 15% |
Around 15% |
Around 15% |
Expected Sales (2008-09) : Rs.20.000 Millions
LOCAL AGENCY
FURTHER INFORMATION
Trade Reference
- Media Fusion
Private Limited, Bangalore
- Makita India
Private Limited, Bangalore
Website details
Attached:
Subject, a renowned designing and printing company was established in
1980. The Concern offers Multi-Colour
and single colour offset printing services, commercial printing services for
calendar, catalog, brochures, annual reports and manuals as well as other
printing solutions. By utilizing the latest advance technology
and support of a team of experienced professionals, the company has over the
years carved an in erasable presence in its area of operation with its
path-breaking works, which has brought about a revolution in the printing and
designing sector. They have four colour as well as 5 colour Komori Lithrone 538
+ coater which is a fully loaded machine.
Services
- Printing of
Manuals, Books, Catalogs, Training Materials, Annual reports, Souvenirs,
Magazines and Anything and Everything in Printing etc.
- 5 colour
Printing with online coater, Leaflets, Posters, Product Manuals,
Medical Literature, Tags and Paper Bags etc.
- Publicity
Materials such as Danglers, Paper Bags, T-Shirts and Banners.
- 4 color Offset
Printing on imported Vinyl, Polyester and Foam.
They are one of the pioneers to have adopted the latest technologies of
the printing sector. They have a computerized designing cell; die cutting and
other related equipments and instruments to met customers requirement. From
pre-press to finishing all their departments are fully automated to facilitate
the turnaround of jobs thereby ensuring maximum productivity.
They endeavor to provide their customers with Total Printing Solutions
by providing them with quality services and by keeping abreast with the latest
technology. They have already done a substantial volume of exports and have
been providing excellent printing solutions and prompt services to their
buyers.
CMT REPORT (Corruption,
Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals have
been formally charged or convicted by a competent governmental authority for
any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.48.99 |
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UK Pound |
1 |
Rs.72.14 |
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Euro |
1 |
Rs.61.57 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
6 |
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PAID-UP CAPITAL |
1~10 |
5 |
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OPERATING SCALE |
1~10 |
5 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
5 |
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--LEVERAGE |
1~10 |
5 |
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--RESERVES |
1~10 |
5 |
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--CREDIT LINES |
1~10 |
5 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
YES |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
YES |
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TOTAL |
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46 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest capability
for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit
transaction. It has above average (strong) capability for payment of interest
and principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems comparatively
below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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