MIRA
INFORM REPORT
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Report Date : |
23.10.2008 |
IDENTIFICATION DETAILS
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Name : |
NEWSTECH INDIA PRIVATE LIMITED |
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Registered Office : |
14, Mamta – A, Appasaheb Marathe Marg, Prabhadevi, Mumbai
– 400 025, |
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Country : |
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Financials (as on) : |
31.03.2005 |
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Date of Incorporation : |
01.09.1987 |
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Com. Reg. No.: |
11-44532 |
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IEC No.: |
0395062284 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer, Buyer, Seller, Trader, Importer and Exporter
of Printing Plates, Chemicals and Other Related Consumables. |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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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. |
Small |
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Maximum Credit Limit : |
USD 12000 |
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Status : |
Moderate |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
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Comments : |
Subject is an established company in its field. In absence of latest
financials and business details it would be difficult to access current
position of the company. It would be advisable to deal with the company with slight caution,
initially. |
LOCATIONS
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Registered Office : |
14, Mamta – A, Appasaheb Marathe Marg, Prabhadevi, Mumbai
– 400 025, Maharashtra, India |
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Tel. No.: |
91-22-24379266/24379267 |
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Fax No.: |
91-22-24370004 |
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Mobile No.: |
919820023954 |
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E-Mail : |
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Website : |
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Area : |
600 Sq.ft |
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Location : |
Owned |
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Factory 1 : |
IVVI Newstech India Private Limited, C-5, Punit Industrial
Estate, Thane Belapur Road, Turbhe, New Mumbai – 400705 |
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Tel. No.: |
91-22-56106093 |
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Fax No.: |
91-22-27621951 |
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E-Mail : |
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Area : |
2200 Sq.ft |
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Location : |
Owned |
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Factory 2 : |
Betz Ink Systems Private Limited, C-4, Punit Industrial
Estate, Thane Belapur Road, Turbhe, New Mumbai – 400705 |
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Tel. No.: |
91-22-56119781 |
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Fax No.: |
91-22-27631492 |
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E-Mail : |
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Area : |
2200 Sq.ft |
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Location : |
Owned |
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Branch 1 : |
Newstech India Private Limited, 261, Udyog Bhavan,
Sonawala Road, Goregaon (East), Mumbai – 400063 |
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Tel. No.: |
91-22-26863082/67 |
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Fax No.: |
91-22-26860584 |
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E-Mail : |
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Area : |
600 Sq.ft |
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Location : |
Owned |
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Branch 2 : |
Newstech India Private Limited, C-47, Punit Industrial Estate,
Thane Belapur Road, Turbhe, New Mumbai – 400705 |
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Tel. No.: |
91-22-56120738 |
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Fax No.: |
91-22-27636998 |
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E-Mail : |
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Area : |
1400 Sq.ft |
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Location : |
Owned |
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Branch 3 : |
2-22-147, Sail Colony, (Near Lupin Private Limited),
Bowenpally, Secunderabad – 500009 |
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Tel. No.: |
91-40-55991563 |
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Fax No.: |
91-40-23229303 |
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E-Mail : |
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Area : |
550 Sq.ft |
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Location : |
Rented |
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Branch 4 : |
Newstech House, Behind Veterinary Hospital, Old M. C.
Road, Kottayam – 686 039 |
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Tel. No.: |
91-481-2564707 |
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Fax No.: |
91-481-2564507 |
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E-Mail : |
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Area : |
650 Sq.ft |
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Location : |
Owned |
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Branch 5 : |
3-A,15, First Main Road, 1st Floor, United India
Colony, Kodambakkam, Chennai – 600024 |
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Tel. No.: |
91-44-24830319 |
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Fax No.: |
91-44-52133743 / 2484 4860 |
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E-Mail : |
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Area : |
600 Sq.ft |
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Location : |
Rented |
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Branch 6 : |
3, II Floor, Sneha Complex, 3rd Main, 1st
Stage, Postal Colony, Sanjaynagar, Bangalore – 560 094 |
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Tel. No.: |
91-80-23411332 / 5698 7639 |
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Fax No.: |
91-80-23436291 / 2292 5276 |
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E-Mail : |
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Area : |
550 Sq.ft |
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Location : |
Rented |
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Branch 7 : |
Newstech 4, Pandita
Terrace, Ashirbad Guest House, Kolkata – 700 029 |
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Tel. No.: |
91-33-22592577 |
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Fax No.: |
91-33-24301884 |
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E-Mail : |
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Area : |
550 Sq.ft |
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Location : |
Rented |
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Branch 8 : |
L-35, West Patel Nagar, Near Khanna Market, New Delhi –
110008 |
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Tel. No.: |
91-11-55420456 |
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Fax No.: |
91-11-25709274 / 25892783 |
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E-Mail : |
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Area : |
500 Sq.ft |
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Location : |
Rented |
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Branch 9: |
P-236, Lake Town, Ground Floor, Block - A, Kolkata – 700 089, West Bengal, India |
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Tel. No.: |
91-33-2534 4924 |
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Fax No.: |
91-33-2841 0001 |
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IRECTORS
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Name : |
Mr. Roy Alex |
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Designation : |
Chairman |
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Address : |
36, Golden Beach Company Limited, Ruia Park Road, Juhu,
Mumbai-400 049, Maharashtra, India |
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Date of Birth/Age : |
23rd September, 1954 |
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Qualification : |
Printing Technologist D. M. M. |
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Experience : |
29 Years |
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Name : |
Mrs. Sandra Alex |
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Designation : |
Director |
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Address : |
36, Golden Beach Company Limited, Ruia Park Road, Juhu,
Mumbai-400049, Maharashtra, India |
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Date of Birth/Age : |
23rd April, 1954 |
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Qualification : |
B. A. B. Executive Director. (Psychology) |
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Experience : |
B.A. |
MAJOR SHAREHOLDERS
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Names of Shareholders |
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No. of Shares |
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Mr. Roy Alex |
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2162 |
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Mr. Alex P. Chacko |
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10 |
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Dr. (Mrs) Shobha Gobin |
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20 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Buyer, Seller, Trader, Importer and Exporter
of Printing Plates, Chemicals and Other Related Consumables. |
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Products : |
·
Printing
Chemicals : DSC, Germany · Mailroom Systems : Idab Wamac, Sweden · Ink Supply Systems : Betz Gmbh, Germany · Newspaper Printing Presses : KBA, Germany · Plate Punching and Registering Systems : Nela Gmbh · Strapping Machines : Transkpak, Taiwan ·
Printing Plates : Jeil C and P Company
Limited, Korea, Jinchem Inc, Korea, Newstech Brand |
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Agencies Held : |
·
DSC, Germany · Betz Gmbh, Germany · Idab Wamac, Sweden · KBA, Germany · Nela Gmbh · Transkpak, Taiwan · Jeil C and P Company Limited, Korea ·
Jinchem Inc, Korea |
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Exports : |
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Countries : |
Turkey, SriLanka, Germany |
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Imports : |
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Countries : |
Germany, Malaysia, Korea, Taiwan |
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Terms : |
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Selling : |
Credit (30-60 days) or Other |
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Purchasing : |
L/C (60-90 days) or Other |
PRODUCTION STATUS
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Particulars |
Installed Capacity |
Actual Production |
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Mailroom Systems in J.
V. with Idab Warmac, Sweden |
24 Systems |
12 |
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Ink Supply Systems in
J.V. with Betz Technologies, Germany |
40 Systems |
30 |
GENERAL INFORMATION
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Customers : |
Wholesalers, Retailers & OEM’s |
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No. of Employees : |
50 |
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Bankers : |
Ø ICICI
Bank Limited Ground Floor, Ravindra Natya Mandir, Prabhadevi, Mumbai – 400 025, Maharashtra Ø State Bank of India Plot No. 12, J. P. Road No. 2, Goregaon (East), Mumbai – 400 063, Maharashtra Ø Punjab National Bank Ø South India Bank Limited Delhi Ø South India Bank Limited Kolkata, West Bengal Ø South India Bank Limited Ahmedabad, Gujarat Ø South Indian Bank Limited 163/165, Anand Bhavan, Girgaon Branch, V. P. Road, Mumbai – 400 004,
Maharashtra |
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Facilities : |
South Indian Bank Limited – Cash Credit Rs. 4.500 Millions
Import L.C. Limit Rs. 6.000 Millions |
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Auditors : |
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Name : |
V. Narayanan and Company Chartered Accountants |
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Tel. No.: |
91-22-25789375/25778841 |
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Fax No.: |
91-22-25789376 |
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E-Mail : |
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Associates/Subsidiaries : |
IWI Newstech India
Private Limited C-5, Punit Industrial Estate, Thane Belapur Road, Turbhe, New Mumbai – 400705 Tel. 91-22-56106093 Fax. 91-22-27621951 E.mail. iwinewstech@vsnl.net Line of Business: Manufacturing of Entry Level Mailroom System Betz Ink Systems
Private Limited C-4 Punit Industrial Estate, Thane Belapur Road, Turbhe, New Mumbai – 400705 Tel. 91-22-56119781 Fax. 91-22-27631492 E. mail. betzindia@vsnl.net Line of Business : Manufacturing of Ink Pumping System |
CAPITAL STRUCTURE
Authorised Capital
:
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No. of Shares |
Type |
Value |
Amount |
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5000 |
Equity Shares |
Rs. 100/- Each |
Rs. 0.500 Million |
Issued, Subscribed
& Paid-up Capital :
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No. of Shares |
Type |
Value |
Amount |
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2192 |
Equity Shares |
Rs. 100/- Each |
Rs. 0.219 Million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
FINANCIALS:-
The company has not filed any financials with
the Government Departments after 2005. Mr. P A Kutti of the company has agreed to
part with latest business and Financial Details but he requires some time.
In the meantime we are enclosing herewith
report with last available financials details.
If Mr. Kutti provides latest details, we will
send a.
ABRIDGED BALANCE SHEET
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SOURCES
OF FUNDS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
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SHAREHOLDERS FUNDS |
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1] Share Capital |
0.219 |
0.219 |
0.219 |
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2] Share Application Money |
0.000 |
0.000 |
0.000 |
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3] Reserves & Surplus |
2.070 |
2.380 |
2.019 |
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4] (Accumulated Losses) |
0.000 |
0.000 |
0.000 |
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NETWORTH
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2.289 |
2.599 |
2.238 |
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LOAN FUNDS |
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1] Secured Loans |
4.565 |
1.722 |
2.699 |
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2] Unsecured Loans |
5.487 |
5.487 |
2.388 |
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TOTAL BORROWING
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10.052 |
7.209 |
5.087 |
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DEFERRED TAX LIABILITIES |
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TOTAL
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12.341 |
9.808 |
7.325 |
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APPLICATION OF FUNDS
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FIXED ASSETS [Net Block]
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7.598 |
4.088 |
3.152 |
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Capital work-in-progress
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INVESTMENT
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0.500 |
0.350 |
0.080 |
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DEFERREX TAX ASSETS
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CURRENT ASSETS, LOANS &
ADVANCES
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Inventories
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3.034
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3.527 |
6.546 |
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Sundry Debtors
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9.677
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19.209 |
10.858 |
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Cash & Bank Balances
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1.537
|
1.243 |
0.489 |
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Other Current Assets
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0.000
|
0.000 |
0.000 |
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Loans & Advances
|
5.200
|
4.170 |
1.639 |
Total Current Assets
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19.448
|
28.149 |
19.532 |
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Less :
CURRENT LIABILITIES & PROVISIONS
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Current Liabilities
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12.706
|
21.138 |
14.446 |
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Provisions
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2.499
|
1.641 |
0.993 |
Total Current Liabilities
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15.205
|
22.779 |
15.439 |
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Net Current Assets
|
4.243
|
5.370 |
4.093 |
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MISCELLANEOUS EXPENSES
|
0.000 |
0.000 |
0.000 |
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TOTAL
|
12.341 |
9.808 |
7.325 |
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PROFIT & LOSS ACCOUNT
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PARTICULARS |
31.03.2005 |
31.03.2004 |
31.03.2003 |
Sales Turnover [including other
income]
|
61.214 |
80.123 |
54.878 |
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Profit/(Loss) Before Tax
|
(0.310) |
0.564 |
0.332 |
Provision for Taxation
|
0.000 |
0.203 |
0.122 |
Profit/(Loss) After Tax
|
(0.310) |
0.361 |
0.210 |
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Export Value
|
3.077 |
2.687 |
NA |
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Import Value
|
33.608 |
26.261 |
NA |
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Total Expenditure
|
61.524 |
79.559 |
NA |
KEY RATIOS
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PARTICULARS |
|
31.03.2005 |
31.03.2004 |
31.03.2003 |
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PAT / Total Income |
(%) |
0.50
|
0.45 |
0.38 |
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Net Profit Margin (PBT/Sales) |
(%) |
0.50
|
0.70 |
0.60 |
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Return on Total Assets (PBT/Total Assets} |
(%) |
1.14
|
1.74 |
1.46 |
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Return on Investment (ROI) (PBT/Networth) |
|
0.13
|
0.21 |
0.14 |
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Debt Equity Ratio (Total Liability/Networth) |
|
11.03
|
11.53 |
9.17 |
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Current Ratio (Current Asset/Current Liability) |
|
1.27
|
1.23 |
1.26 |
LOCAL AGENCY FURTHER INFORMATION
Company Profile:-
Incorporated in 1984, to introduce cutting-edge
Technology for Newspaper Production, Newstech – Newspaper Technology–has many
Firsts in the High Tech Areas of Newspaper Production.
1984 Metal Halide Plates Exposure
System Automation Plate Processor.
1985 Full Page Newspaper
Facsimile Transmission for remote printing of Newspapers.
1986 Negative P. S. Plate for
Newspaper Printing to replace Wipe-on Plates.
1987 Mailroom System to Automate
Newspaper Post Press operations for Newspaper bundle production.
1992 On-Line Plate Making System
for making Negative P.S. Newspaper Plates, Plates with in-Line Punching
and Bending.
1995 Ink Pumping System to
Automate Ink supply to Web Presses.
1996 CTP Photo Polymer Plate
Making System for upto 100 Plates/hour.
2000 DSC Press Chemicals for High
Speed, High Quality Newspaper Offset Printing.
2002 On-Line Punching and Bending
System to CTP Plate-setter with Vision Control.
2003 Started Joint Venture with,
Market Leader, Idab Wamac International AB, Sweden, to manufacture Entry Level Mailroom System in
India for Local Sales and Export.
2005 Started Joint Venture with
Betz Technologies, Germany to manufacture Ink Pumping Systems, in India for Local Sales and
Export.
Their Customers include all Leading Newspapers and
Printing Companies in India, including Times of India, Indian Express,
Hindustan Times, Hind Samachar, Thomson Press, Delhi Press, ABP Limited.,
Deccan Herald, Deccan Chronicle, The Hindu, Dinakaran, Malayala Manorama,
Mathrubhumi, Mangalam Dinamalar etc. etc.
Operating from 6 Sales Offices in all major Metros, with
Head Office and Manufacturing in Mumbai – Newstech can support in all
Functional Areas - Pre-Press, Press, Post Press and Consumables - for Newspaper
Production.
Products :-
Their products and services cover all the functional Departments of Print
Production.
· Pre-Press
· Press
· Press Ancilliaries
· Post Press
· Consumables
Subject is focussing on the Newspaper Production Technology, introduced full page Facsimile Transmission for remoter printing to Mailroom Systems and Press Consumables.
The standard, set by dedicated team, from Project Planning and Execution to Installation and after sales service by Engineers, had made them the market leader in many of the systems and services offered.
Networking from offices in Mumbai, Delhi, Chennai, Bangalore and Kottayam, the company’s system solutions and support for all Newspaper Production Requirements, from CTP to Newspaper Distribution and from Plates to Chemicals.
· Production of Chemicals Spanning over 40 years with a network of Nine Plants on All Continents.
· Keeping Abreast of times, qualified Print Engineers and Experienced chemists are committed to research resulting in improvement and optimization.
· Specially selected raw materials are subject to stringent quality control, as per European Standard to guarantee Batch to Batch consistency and quality.
· Used in over 60 countries worldwide.
· DS uses slow evaporating, low volatile hydrocarbon based washing and cleaning agents, Fountain Solution Concentrates giving rise to low consumption and reduced costs, with an eye on fragile eco-system.
Fixed Assets:-
· Buildings
· Air Conditioner
· Furniture
· Office Equipments
· Scooter
· Computer
· Motor Cars.
Other Information:-
· Newspaper Mailroom System from IDAB Wamac International AB, Sweden
· Newspaper Presses from KBA, Wurzburg, Germany
· Printing Chemicals from D. S. Chemport, Malaysia
· Printing Plates from Darani, Korea
· Priting Plates from Darani, Korea
· Ink Pumping Systems from BETZ GmbH, Germany
· Preprint Register Systems from Nela GmbH, Germany
· CTP Laser Plate Setters
· Lase Plate Processor
· Laser Plate System
· Conveyor Curve for Copy Stream and Bundles
· Accumulating Conveyor with smooth start and stop
· Under Wrapper for protection of the bundle underneath with kraft paper
· Gravity Roller Conveyor for Bundles
· Plastic Wrapper for protection of the Bundle with Plastic Film
· Strapper for Cross of Parallell Strap
Trade References:-
§ Times of India, Mumbai, Maharashtra, India
Contact Person – Mr. Arun Arora (President and Chief Executive Officer)
§ Malayala Manorama Newpaper, Kottayan, India
Contact Person – Mr. Mammen Mathew (Managing Director)
§ The Hindu, Chennai, Tamil Nadu, India
Contact Person – Mr. N. Murali (Managing Director)
Website Details:
Newstech Circa 1984 started off as a promising marketing organization to address the needs of the Newspaper Publishing Industry for low cost, remote Multi edition printing. It concentrated in the High Tech areas of the pre-press and post- press operations.
Subject launched Products and Services to fulfill these needs for multi-locational remote editions with centralized editorial content. The consequence of this concept was Facsimile editions with automated pre and post printing operations using the modern mail room concept. This resulted in Start-up of remote Newspaper Printing sites with about 30% - 40% saving in Labour and Equipment.
Subject marketed and provided Installation and after Sales Service support for some of the World's leading Equipment Manufacturers for this purpose like CHEMCO's Facsimile Transmission, Western Litho's Plates Processing and Idab Wamac's Mailroom Systems. They simultaneously started Marketing Plate and Press Room Chemistry to complement the Equipment.
In 1986 Subject successful installed the Chemco Facsimile Transmission System, Western Litho Plate Line and the Idab Wamac Mailroom System at Malayala Manorama's and India's First truly remote Printing Site at Trivandrum. These systems then became the Industry Standard in remote Editions started by most of India's Leading Newspapers including The Times of India, Indian Express, Eenadu, Deccan Herald, The Hindu , ABP Limited, Hindustan Times Limited., Hind Samachar Limited etc.
In 1994 they launched the Newstech™ Brand of Plate-making and Press Chemistry with the motto "Chemistry for Better Printing". Their Products are being used by many of India's Leading Printing Companies.
The increased sophistication in Printing Presses and Processes created a need for Superior Press Chemistry and Plate-making, and so they tiedup with the World's No 1 Press Chemistry Manufacturer DSC; Germany, for their wide range of Chemistry approved by all leading Press, Plates, Blankets and Rollers manufacturers. They simultaneously launched the "DARANI" Brand of Korean manufactured Plates. Their Products have found wide acceptance by the most critical Printing Companies in India.
The turn of the Millenium urged them to get into an area they so far resisted - the Printing Press. They successfully negotiated the Exclusive All India Distributorship to represent the world's oldest and most respected Press manufacturer KBA - Frankenthal, Germany.
Their Services includes Installation and Servicing of the Equipment sold by them. Technical support for the range of Consumables Marketed through Branch offices in most Metros and Printing Centres.
Resource Center
- New Technology
Managing Information: leading technologies.
Having the technology in place to manage information is one thing, but how a newspaper manages this information is more important.
Andrew Tribute, International Editor for seybold Publications, was given the task of presenting the Top 10 technologies to track in the future.
Here are Tribute’s Top 10:
The use of untethered computing: such as computing with no electrical or communication physical connection; using Personal Digital Assistants (PDA); telephones and links with satellite navigation.
Push technologies: Intelligent agents to personalize information against a client profile, and to deliver electronically to specific clients over the Internet/Intranet.
Communications technologies: such as transmission of data signals over standard electrical cables; low flying satellites; new radio-based technologies and new suppliers with controlled delivery systems.
Web TV: a very low-cost way to get access to the Internet with high speed of delivery into the home.
XML (Extensible Markup Language): allows easy building of pages for the Internet from database information; the ability to have dynamic Web pages updated automatically from changing database data, and it’s ideal to handle on-demand up-to-date classified ads for the Web.
Internet/Intranet/Java for new editorial and advertising systems: allows easy access from outside locations; use of low-cost standard format clients in any location and the use of Internet protocols for all information access and delivery.
Lotus Notes for new editorial systems: a standard open system for handling of all information, and a well supported groupware system that will replace current client/server systems.
Abode’s PDF format (Portable Document Format) to replace Postscript. Tribute said: "In two years PostScript will be dead, and PDF will be fully supported." PDF is a single file format for all forms of information delivery, and the format for delivery of all advertising in the future.
Object-oriented database: allows intelligent digital asset management; contains information to allow intelligent access to data via the Internet, and information with the abilities to access it via cross links and specialized searches.
New direct printing technologies: provide opportunities to have more targeted content and even a market of one.
Industry suppliers have the possibility to gain better access to IFRA members Suppliers of technical newspaper production equipment can avail of a new possibility to offer their products to IFRA members: on the condition that products are offered to IFRA members at preferential prices, IFRA takes the orders, verifies the membership of the Party placing the order, and passes on the orders to the suppliers.
This gives IFRA members the opportunity to acquire hardware or software products at special conditions, and suppliers gain better access to the Newspaper market.
Newstech (India) Mumbai, India, is an Asian Associate Member and provider of Mailroom, Ink Pumping and Plate making systems, and plate room and press room Chemicals.
Resource Center
- Print Academy
Saving Energy with automatic roller bearings.
The roller bearings of the linking unit rollers, especially of the form rollers, were a quality-determining part of the press in the "letterpress era". Anyone whoever had to use roller bearings to align a form oller in accordance with the "three-strip method" will be able to confirm this. The change to the offset process then brought pneumatic roller throw-on and throw –off, working with the micrometer screw-adjustable stop. The need for exact adjustment therefore remains, but is subject to the imponderabilities of the temperature increase in the press. An automatic follow-up adjustment of the setting, not only in order to save drive energy (due to greater friction losses at the time of the temperature-induced "growing" of the rubber coverings) but also to retain the exact roller setting throughout the entire print run, is a long-standing wish of Printers.
The Gimaco Engineering Company, which is based in Berne, Switzerland, has developed a new system for printing press engineering; an electromechanically-positionable forme roller bearing with position indication and a special inter-roller bearing that, besides increasing the level of precision, is intended also to bring about energy savings.
The problem: rubber-covered rollers are major power consumers
In the Inking units of printing presses, the highly-viscous inks are processed to form a continuous ink film which is several thousands of a millimeter thick and that is used to ink-up the plate. In order to produce this ink film, inking units are equipped with a large number of rollers with which the ink film is split, distributed and smoothed several times.
With today’s standard roller bearings, the pressure between the rubber-covered rollers and distributor rollers or the plate cylinder must be set considerably higher than would actually be required for a perfect ink transfer. This is necessary to obtain sufficiently strong friction forces to accelerate to production speed as well as to rotate the rubber-covered rollers. During the start-up of printing presses, in the offset process, the friction values can vary greatly due to the usually still unstable ink/water balance. As the production speed increase, the pressure between the rollers is additionally increased. The diameters of the rubber-covered rollers are increased by the centrifugal forces, likewise the viscoelastic rolling resistance (displacement of the incompressible rubber, inner friction in the rubber layer) increases greatly. In addition, the constant heating of the rollers causes a further enlargement of the diameter, and the rubber-covered rollers can swell due to the influence of chemical additives in the inks or in the fountain solution.
The Solution: automatic
roller bearings
A technical innovation is now intended to alleviate this problem: the Gimaco Ingenieur AG fur Maschinenbau in Koniz near Berne, specialists in printing presses, has developed and applied for a patent a roller bearing with computer-controlled, electric motor-driven roller positioning. With this new control, the contact pressure between rollers remains constant. The automatic roller bearing compensates any changes of contact pressure resulting from changes of speed, hearing, etc. It ensures that the pressure in all operating conditions is not more than necessary for perfect printing. Besides the improved control of the printing process, the new roller bearing concept also permits energy savings to be realized. This is reported also to reduce the costs for various press components.
Advantages:
· The rollers are adjusted faster;
· Acheck of the roller position is possible at all times;
· Stability means less follow-up adjustment;
· Roller re-adjustment during production is simpler.
Other advantages are:
· Overload protection against paper jams,
· Covering against soiling and manual operation in case of emergency.
· Largest Colora for the US to go to The Courier-Journal 18-Tower Press Line for Louisville, Kentucky
At Ifra Expo 2001 KBA announced the sale of a large Colora press line to The Courier-Journal in Louisville, Kentucky. The purchase represents the largest Colora press sold in the US and the largest recent press sale by all suppliers. Shipment of the shaftless press to this million-population metropolis is slated for September 2003
The Courier-Journal, which will be the main title printed on the new Colora, was established back in 1868. In 1987 it became part of the Gannett Co., Inc., which publishes 114 newspapers worldwide, including USA Today. The Courier-Journal reaches some 500,000 readers every weekday and almost 600,000 on Sundays, in Southern Indiana as well as in Kentucky. Among all major market US newspapers, The Courier-Journal ranks fourth in household penetration. Its popularity is driven by a long tradition of journalistic excellence at local, national and international level - an excellence that has won it the Pulitzer Prize a rare nine times.
According to Gary L. Watson, president Newspaper Division, Gannett Company, Inc., "They have long been very familiar with KBA's position as one of the world's leading press manufacturers. They understand and have proven they can successfully deliver a press that fulfills the needs of The Courier-Journal."
Edward E. Manassah, publisher of The Courier-Journal, said: "The Courier-Journal management team looked at presses throughout Europe and the United States. They selected the KBA Colora as the press that will fulfill their needs for now and well into the future."
Powerful yet Versatile.
Installed on a concrete substructure, the new Colora will have a cylinder circumference of 1,066.8mm (42"), a web width of 1,270mm (50") and a maximum rated output of 75,000cph in straight production. The 533mm (21") cut-off represents the beginning of a new trend in North America towards an increase in paper savings via reduced cut-off and web width. The Colora will be configured as five four-high towers for 4/1, six for 4/4 or 2 x 2/2 and seven for full-colour 4/4, fed by 21 Pastostar reelstands. Automatic ink feed for black and process inks reflects the advanced level of automation. 28 turner bars with bay-window web leads, six skip slitters, three folder superstructures with six formers (stacked in pairs), two double folders (a 2:5:5 KF 5 and 2:3:3 KF 3) and a single KF 5 folder ensure maximum production flexibility.
Production will be monitored and controlled from nine EAE consoles featuring a Print 4 production-scheduling and press preset system plus service and diagnostics PC. A RIP interface will support online digital data transfer from pre-press to press for presetting the ink keys. There is also provision for an interface to plate and film scanners.
The press package includes an interactive, monitor-based simulation system supplied by Sinapse Graphic International, for training press operators prior to commissioning.
French Group Philippe Amaury places major mailroom order with IDAB WAMAC.Group Philippe Amaury, publisher of L’Equipe, Le Parisien, Aujourd’hui, has ordered IDAB WAMAC mailroom systems to be connected to the new MAN Regioman presses in the printing plants in Paris, Nantes, Lyon, Toulouse and Marseille.
The mailroom systems are fully automatic which means there
is no manual handling of the copies from the press folder to the distribution
truck.
The total order value is EUR 11 million and consists of:
· 6 off Single Copy Gripper Conveyor PCC 903 lines including on-line ink jet systems for printing messages on the copies.
· 19 off Stacking/Packaging lines, each including:
· Stacker TS 800 for high capacity bundling.
· Bundle Production Control software for flexible order handling.
· On-line Bundle Addresser BA 6000 for automatic bundle distribution.
· Plastic Wrapper PWA 650 combined with shrink tunnel for packaging of the bundles.
· 5 off Sorting and Loading systems TLS 6000 for automatic distribution of bundles to the correct loading position. The loading positions are equipped with Telescopic Truckloaders. The bundle structure is bundles of 50 copies and bundles of 10 copies.
· 5 off Mailroom Control and Information Systems WNC v5 for total integration of the mailroom operation. The flexiblity of the systems enables the bundle production to be changed in accordance with the demand at the loading dock. If a distribution truck is delayed, a correction is made in the order system and the rest of the system is accordingly updated in real time. The systems also support automatic reallocation of production for integrated redundancy in the mailroom systems.
All systems will be in deployed and in operation during 2003.
Press Releases :-
15th October, 2001
Times of India orders from IDAB WAMAC the biggest Mailroom System in India.
Times of India, the leading publishing company in India has reconfirmed their satisfaction with IDAB WAMAC as their mailroom supplier, by ordering the biggest mailroom system from IDAB WAMAC, in India.
The order is for eleven (11) gripper lines, twenty two (22) stack/packaging lines, three (3) sorting and loading system, four (4) mailroom control and information system.
Times of India`s modernization plans include new Geoman press lines, expansion to their existing lines, up gradation of existing Metroliners along with a modern mailroom system equipped, to include expanded mailroom operations like inserting, single copy addressing etc.
The projects plan, which includes web width reduction, is scheduled to start production in Mumbai and Delhi in April 2002.
The mailroom system from IDAB WAMAC will be a state of the art system, which will handle the post press process in an optimum way and which can be expanded to include more complex operations.
The system ordered consist of;
Single Copy Gripper Conveyor PCC 903, the only digitalized gripper system on the market.
Stacker TS 800, the fastest stacker on the market, with bundle catching and pressing device for high quality bundling and multiple exits.
High speed packing lines for automatic packing of bundles down to one copy at full press speed, including on-line bundle addressing, flim wrapping and cross strapping with optional side welding for small bundles.
The ready bundles will be handled for truck delivery by the sorting and loading system TLS 6000.
The total system is integrated and controlled by the Mailroom Control and Information system, WNC v5, which makes it possible to keep control of each copy being processed in the system from the press folder to the distribution truck.
For more information
please contact:
IDAB WAMAC International AB
Newstech (India) Pvt Limited
Anna-Karin Jonsson
Mr Roy Alex
Marketing & Sales Co-ordinator
Managing Director
Tel. +46 381 663322
Tel. +91 22 437 9266
Fax. +46 381 663399
Fax. +91 22 437 0004
E-mail: info@idabwamac.com
E-mail: newstech@vsnl.in
Web: www.idabwamac.com
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Their product range includes products from Western Lithotech of USA - A Mitshubishi Chemical Company.
Western Lithotech
"The Culmination of a beginning - where you want to be - CTP Solutions for
Newspapers".
Top Quality Web Presses for economical full-colour newspaper printing and
semicommercials.
· CTP Laser Plate Setters
· Laser Plate Processor
· Laser Plates for Commercial and Newspaper printing equipment or the Offset industry.
BETZ has developed its Ink Supply and Control equipment including the first computerized Ink Mixing System Operation in the Offset field.
More than ten years operating in the field, as a printing press services company, have made BETZ a reliable specialist for the ink transfer and control in the Offset Sheetfed, Commercial Web and Newspaper Presses.
ColorPro
Ink Supply System for Offset Sheet-fed, Commercial Web and Newspapers
ColorPro Automatic with full automatic and remote control of ink leveler system from press console integrated terminals, either through Compact LCD- display with CoCo-LC and C0C0-LCD or with independent PC Control terminal (CoCo-PCD).
ColorPro Automatic -Eco
Provides the same features as per the a.m. ink leveler but operating through power supply box linked with optical alarm indication, without any control terminal.
ColorPro Manual enables ink ducts refilling through ink pumps and pipework connected to individual ink hoses mounted with non-drip stop valves.
The BETZ Pneumatic axial ink Valve FV2000 designed without dynamic seals in the ink path is rated to handle highest ink pressure operating conditions.
User's Benefits:
Clear and rational control system layout of operating components provide the staff most important handling information to prevent faulty use.
BETZ ColorPro quantifies effective savings on operating costs through for reduced ink waste and smart handling conditions.
Color Mix
Computer-Mixing System
The ColorMix System can only operate with available recipe. The recipe can be applied manually or be obtained through a interface from a colour matching program. The operator will set the desired weight of their mixed colour in the computer. The mixing process will start with the dosing of the basic ink colours, which are contained in the chosen recipe, in the mixing drumput on an accurate scale integrated in the mixing table. The mixing process shall dose through the computer, the mixing head, the pumping system as well as the scale, the final amount within+3 gram. The mixed colour with its ingredients will be stored under a corresponding colour reference number in the computer and printed out as a protocol.
The standard ColorMix System can cover arrange up to max. 20 basic ink colours. Should the need arise, we can build even larger sized ColorMix systems.
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.49.29 |
|
UK Pound |
1 |
Rs.80.40 |
|
Euro |
1 |
Rs.63.35 |
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 |
|