MIRA
INFORM REPORT
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Report Date : |
25.10.2008 |
IDENTIFICATION DETAILS
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Name : |
PRINT SALES
CORPORATION |
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Registered Office : |
Flat No. 1C, Door
No. 13, |
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Country : |
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Financials (as on) : |
31.03.2006
(Estimated) |
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Date of Incorporation : |
July, 2005 |
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Com. Reg. No.: |
TNGST – 721418 /
2005 CST – 838467 / 5.7.2005 |
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IEC No.: |
0405028211 |
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Legal Form : |
Sole Proprietory
Concern |
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Line of Business : |
Trader and
Importer of Plates and Chemicals used in Offset (Preprinting) Printing. |
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 3000 |
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Status : |
Small Concern |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a small
concern and yet to established itself. Trade relations are fair. Business is
active. Payments are reported as usually correct and as per commitments. The
concern can be considered for small business at usual trade terms and
conditions. Mr. Deepak Dhawan
(Proprietor) declined to part with any details claiming that they have no
Foreign Business. |
INFORMATION DECLINED BY
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Name : |
Mr. Deepak Kumar
Dhawan |
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Designation : |
Sole Proprietor |
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Date : |
23.10.2008 |
LOCATIONS
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Registered Office/ Factory : |
Flat No. 1C, Door
No. 13, |
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Tel. No.: |
91-44-28111106 |
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Fax No.: |
91-44-28111106 |
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E-Mail : |
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Location : |
Rented |
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Sales Office : |
Agfa Deutschland
Vertriebsgesellschaft GmbH and Cie. KG lm Mediapark 5, 50670 |
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Tel. No.: |
49 221 5717 0 |
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Fax No.: |
49 221 5717 130 |
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Manufacturing
Unit : |
Werk Wiesbaden – Agfa
Graphics, Kasteler Strasse 45/Tor Nord, 65203 |
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Tel. No.: |
49 611 962 09 |
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Fax No.: |
49 611 962 92 30 |
SOLE PROPRIETOR
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Name : |
Mr. Deepak Kumar
Dhawan |
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Designation : |
Sole Proprietor |
BUSINESS DETAILS
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Line of Business : |
Trader and
Importer of Plates and Chemicals used in Offset (Preprinting) Printing. |
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Products : |
·
Plates ·
Chemicals
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Imports : |
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Products : |
Plates and Chemicals |
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Countries : |
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GENERAL INFORMATION
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No. of Employees : |
About 2 |
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Bankers : |
Lakshmi Vilas
Bank, Gopalapuram, Chennai – 600 086, |
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Banking
Relations : |
--- |
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Associates/Subsidiaries : |
NIL |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 0.500 million |
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Borrowed : |
--- |
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Total : |
Rs. 0.500 million |
FINANCIAL DATA
[all figures are
in Rupees Millions]
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Particulars |
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31.03.2006 |
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Sales Turnover (Estimated) |
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2.500 |
LOCAL AGENCY FURTHER INFORMATION
TRADE REFERENCES
· Dinakaran News Paper
· Hindu News Paper
Concern Profile
This is a
proprietorship firm situated in Gopalapuram. The premises is rented by Mr. Deepak
Kumar Dhawan – the proprietorship who has set up his shop since July 2005. They
are into sales of plates for preprinting for offset printers and chemicals used
in printing industry. Major Newspaper like Dinakaran and Hindu are their
customers. They get their materials from Mumbai mostly from Agfaand supply
their clients. Recently they have written to Agfa –
There is good
demand for these plates in the printing industry which is expanding in Chennai
due to the IT companies venturing into printing as their BPOs. They are hopeful
of getting orders from any companies and Agfa being the world leader in these
products would like to deal in them.
There is no way to
access the financial strength of this firm. No direct supplies recommended.
Supplies against millions thru bank recommended. Since they stary in a rented
premises the capital investment is very low.
Subject imports chemicals
and plates used in offset printing.
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts,
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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.49.95 |
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1 |
Rs.79.56 |
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Euro |
1 |
Rs.63.65 |
SCORE & RATING EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
3 |
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PAID-UP CAPITAL |
1~10 |
4 |
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OPERATING SCALE |
1~10 |
4 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
4 |
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--LIQUIDITY |
1~10 |
4 |
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--LEVERAGE |
1~10 |
4 |
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--RESERVES |
1~10 |
4 |
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--CREDIT LINES |
1~10 |
4 |
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--MARGINS |
-5~5 |
-- |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
YES |
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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 |
NO |
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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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35 |
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. |
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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