MIRA
INFORM REPORT
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Report Date : |
02.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
HOLOSECURITY TECHNOLOGIES |
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Registered Office : |
19, Karasimha Jois Lane, Nagarathpat Cross, Bangalore – 560 020, Karnataka |
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Country : |
India |
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Financials (as on) : |
31.03.2008 |
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Year of Establishment : |
2002 |
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IEC No.: |
0205016846 |
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TIN No.: |
29960339760 |
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TAN No.: [Tax Deduction &
Collection Account No.] |
BLRH01783F |
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PAN No.: [Permanent
Account No.] |
AADFH4211K |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the Partner |
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Line of Business : |
Manufacturer, Exporter and Importer of Hologram Labels and complete range
of Printing Materials and Hologram Products. |
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 175000 |
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Status : |
Good |
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Payment Behaviour : |
Usually Correct |
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Litigation : |
Clear |
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Comments : |
Subject is a well established concern in its field. Trade relations are
fair. Payments are usually correct and as per commitments. The concern is
doing well. It can be considered good for normal business dealings at usual trade
terms and conditions. |
LOCATIONS
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Registered Office : |
19, Karasimha Jois Lane, Nagarathpat Cross, Bangalore – 560 020,
Karnataka, India |
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Tel. No.: |
91-80-23580821/ 23580822 |
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Mobile No.: |
91-9845126120 |
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Fax No.: |
91-80-23580833 |
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E-Mail : |
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Website : |
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Factory : |
# 48/2/A, 6th Main, Sunkadakatte, Megadi Main Road,
Bangalore – 560 091, Karnataka, India |
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Tel. No.: |
91-80-64507111/ 41234232 |
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Area : |
1200 Sq. ft. |
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Location : |
Owned |
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Branch Office : |
Located At: v Madurai v Ahmedabad v Chennai v Hyderabad v Erode v Tirupur v Salem v USA |
PARTNERS
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Name : |
Mr. Dinesh Jain |
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Designation : |
Partner |
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Date of Birth/Age : |
29 Years |
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Qualification : |
MBA |
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Name : |
Mrs. Santosh Devi |
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Designation : |
Partner |
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Date of Birth/Age : |
28 Years |
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Qualification : |
MBA |
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Name : |
Mr. Mukesh Jain |
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Designation : |
Partner |
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Date of Birth/Age : |
26 Years |
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Qualification : |
MBA |
BUSINESS DETAILS
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Line of Business : |
Manufacturer, Exporter and Importer of Hologram Labels and complete range
of Printing Materials and Hologram Products. |
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Products : |
v Hologram Labels v Holographic Hot Stamping Foils v Holographic Strip v Holographic Tapes v Holographic Shrink Sleeves v Holographic Induction Wads v Holographic Pouches v Transparent Holograms and Holographic Laminates v Holographic Threads and Textiles v Pharma Seal v Pharma Stripe v Pharma
Shrink Pack with Hologram Strip v
Laser Numbering v
Inkjet Printing v
UV Printing v
Holographic Hot Stamping
Foils v
Holographic Strips v
Holographic Cello Tape v
Elaborate v
Holographic Blister Packs v
Holographic Soft Aluminium
Foil v
Paper Holograms v
Holographic Tags v
Instant Holograms v
Scratch Holograms v
Holographic Films(Upto
60" Width) |
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Exports : |
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Countries : |
v Egypt v Iran v Romania v Poland v Belgium v Turkey v US |
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Imports : |
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Countries : |
v Germany v US v European
Countries |
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Terms : |
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Selling : |
100% Advance against delivery |
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Purchasing : |
L/C, ( 30 days) and at Sight |
GENERAL
INFORMATION
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Suppliers : |
v James River Products
– US v Diaures – Italy |
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Customers : |
v Dunlop (India
and USA) v HSBC Bank v Gates India |
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Bankers : |
v ICICI Bank OTC Road, Bangalore – 53, Karnataka, India |
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Banking
Relations : |
Satisfactory |
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Auditors : |
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Name : |
Shivshankar and Company Chartered Accountants |
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Address : |
Bangalore |
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Memberships : |
v Hologram
Manufacturers Association of India v International
Hologram Manufacturers Association |
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Sister Companies: |
v Prince Polypack v Devtec Inc |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs. 35.000 millions |
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Borrowed : |
-- |
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Total : |
Rs. 35.000 millions |
FINANCIAL DATA
[all figures are in Rupees Millions]
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Particulars |
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31.03.2008 |
31.03.2007 |
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Sales Turnover |
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35.000 |
25.000 |
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Profit/Loss for the year |
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10 – 15% |
10 – 15% |
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Export Value |
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17.500 |
12.500 |
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Import Value |
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7.000 |
5.000 |
Average Value of Inventories at Given Time: Rs. 6.000 millions
LOCAL AGENCY
FURTHER INFORMATION
Note:
Partnership concern is shortly to make over the business to a private
limited entity to be promoted by the existing partners.
Trust Seal Acceptance
Chart
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Parameters |
Details |
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Existence Verification |
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Name |
Holosecurity Technologies |
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Address |
19, Karasimha Jois Lane, Nagarathpat Cross, Bangalore – 560 020,
Karnataka, India |
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Factory Address : |
# 48/2/A, 6th Main, Sunkadakatte, Megadi Main Road,
Bangalore – 560 091, Karnataka, India |
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Tel. No. |
91-80-23580821/ 23580822 |
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Mobile No |
91-9845126120 |
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Fax No |
91-80-23580833 |
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Electricity Bill |
N2P 5961 |
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Statutory Approvals |
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Legal Status of Firm |
Partnership |
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Income Tax Registration |
AADFH4211K |
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Central Sales Tax Registration |
78376543 |
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VAT/ TIN Registration |
29960339760 |
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Import Export Code |
0705016846 |
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Name of Bank |
ICICI Bank |
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Current Account Number |
625105036238 |
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Account Since |
Since 2002 |
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Credibility Factors |
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India Mart Client Since |
About 3 Years |
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Year of Establishment |
2002 |
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Chamber of Commerce Membership |
FKCCI |
As Per Website Details
Subject is a professionally managed Organization providing the most innovative and diverse solutions to all the Duplication and counterfeiting problems. It is the undisputed Leader in The Indian Holographic industry Click on the links below to know why they are the preferred and most reliable supplier of holograms for all the needs.
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 :
The 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.
The 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 |
|
US Dollar |
1 |
Rs. 44.21 |
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UK Pound |
1 |
Rs. 79.76 |
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Euro |
1 |
Rs. 64.72 |
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 |
6 |
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OPERATING SCALE |
1~10 |
6 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
6 |
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--PROFITABILIRY |
1~10 |
6 |
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--LIQUIDITY |
1~10 |
6 |
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--LEVERAGE |
1~10 |
6 |
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--RESERVES |
1~10 |
6 |
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--CREDIT LINES |
1~10 |
6 |
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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 |
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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54 |
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, they have no basis upon which to
recommend credit dealings |
No Rating |
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