MIRA
INFORM REPORT
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Report Date : |
09.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
AADISH INTERNATIONAL MACHINES |
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Registered Office : |
16,Hema Industrial Estate,Sarvodaya Nagar,Jogeshwari (East) , Mumbai –
400060,Maharashtra |
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Country : |
India |
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Year of Establishment : |
2007 |
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Legal Form : |
Partnership Concern with an Unlimited Liability of the partner |
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Line of Business : |
Importer and Exporter of Printing Machines. |
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 17500 |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a relatively new concern in its field and in the process of
establishing itself. The concern expects to register a satisfactory turnover
in the very first year of its operations. Trade relations are fair. The concern can be considered good for normal business dealings with
slight caution, initially. |
INFORMATION PARTED
BY
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Name : |
Mr.Sandeep Jain |
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Designation : |
Partner |
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Contact No.: |
91-9820055389 |
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Date : |
28.08.2008 |
LOCATIONS
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Registered Office/ Corporate Office: |
16,Hema Industrial Estate,Sarvodaya Nagar,Jogeshwari (East) , Mumbai –
400060,Maharashtra |
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Tel. No.: |
91-22-28243377 |
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Mobile No.: |
91-9820055389 (Mr.Sandeep Jain) |
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Fax No.: |
91-22-28210010 |
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E-Mail : |
info@aadish.com |
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Website : |
www.aadish.com |
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Area : |
375 sq.fts.(Build Up Area) 500 Sq.fts. (Carpet Area) |
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Location : |
Owned |
PARTNERS
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Name : |
Mr.Sandeep Jain |
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Designation : |
Partner |
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Age : |
39 years |
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Name : |
Mrs.Meenu Jain |
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Designation : |
Partner |
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Age : |
37 years |
BUSINESS DETAILS
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Line of Business : |
Importer and Exporter of Printing Machines. |
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Exports : |
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Countries : |
U.A.E |
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Imports : |
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Countries : |
U.A.E |
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Terms : |
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Selling : |
L/C |
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Purchasing : |
L/C |
GENERAL
INFORMATION
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Customers : |
Industrial and Manufacturer |
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No. of Employees : |
7 (In Office) |
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Bankers : |
Andheri (east) |
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Auditors : |
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Name : |
B.C.Dholakia and Company Chartered Accountant |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
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Capital Investment : |
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Owned : |
Rs.3.500 millions (estimated) |
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Borrowed : |
0.000 |
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Total : |
Rs.3.500 millions (estimated) |
FINANCIAL DATA
[all figures are in Rupees Millions]
Expected Sales (2008-09) : Rs.12.500 millions
LOCAL AGENCY
FURTHER INFORMATION
WEB SITE DETAILS
Subject is
engaged in manufacture of Best in Quality, Best in service, best in complete
solutions.
Subject is
promoted by well Qualified Printing Technicians with over 20 years experience
in the Printing industry. they are
committed to bringing to the Indian industry the best Machines, Inks and
technologies the world has to offer in the field of Surface marking and
Decoration, or as more commonly called Pad Printing, Screen Printing, Laser
Marking etc.
They
provide complete solutions to print,
decorate and mark on components and finished products in all Industry
categories. These products could be made of Plastics, Metals, Wood, G;ass,
Ceramics,Rubber, etc etc.
PAD PRINTING MACHINES
The Subject brings to you standard Pad Printing and
customized Pad printing solutions from the European Leader, microPrint-
Switzerland. Swiss Machines are world renowned for their precision, accuracy
and craftsmanship.
The
fantastically accurate pad printing machines for printing 1-8 colors and many
more from microPrint are now available in India. With their more than 20 years experience
in printing industry their experts are best placed to guide you in the choice
of right Pad Printer for the application.
SCREEN PRINTING MACHINES
Subject
brings Screen printing solutions from the World Leader,in its Category GPE
Ardenghi- Italy. These Italian Screen Printing Machines are world renowned for
their precision, accuracy and craftsmanship.
The fantastically accurate screen printing machines to print one
or multi colors from GPE Ardenghi are now available in India. These are the
worlds best machines to print on Round and Flat Products and components. You
can print ready ball pens, ball pen barrels, pharma products like Pipettes and
syringes, tubes etc.etc. They have screen printing solutions to cater to many a
Industrial and Consumer products.
INKS
Both Pad Printing and Screen Printing processes require
specialised inks to print on the various surfaces and products. They bring to
you the best Inks for both. Print Color- Switzerland is a world renowned
manufacturer of Inks. With the state of art manufacturing and research
facilities spread over various units in Switzerland, Print Color delivers the
best inks ever made for Pad and Screen printing applications.
MicroPrint was founded 1995 by some very experienced pad
printing experts.Their engineers have developed the very first pad printing
machine with fully integrated pad rinting, as well as automatic color viscosity
regulation.
Their range of products now included also "tool
free" machines and installations.You can simply enter all adjustable
parameter via a touch screen.This means that eve the X-Y-R picture positioning
can be entered on 0.01mm increments. All parameters can be saved and are
available anytime.
Product group 700 series inks are specifically designed for
pad printing applications. This extensive range of pad printing ink systems
provides the end user with great flexibility and with inks that provide a high
brilliance and excellent opacity. Besides their solvent based 1 and 2 component
inks they also have a new universal UV-curable pad printing ink series 747
which provides high quality printing results with superior adhesion and
chemical resistance.
Since 1945 GPE Ardenghi srl manufacturer of screen printing
machines for objects, has been offering its services, playing the part of
leader in this branch. All this thanks to its advanced technological evolution
and its settled engagement to read carefully through the “know how”.
PRINCIPLE
Mühlentalstrasse 184
CH-8200 Schaffhausen
Switzerland
Printcolor AG
Welschloh 299
8965 Mutschellen/Berikon
SWITZERLAND
GPE ARDENGHI s.r.l.
Via Pagazzano n°20
24047 Treviglio (BG)
Authorised Channel Partners
Subjects have a selective network of dealers
across India which is responsible to provide their Customers with a wide rage
of Subject company products for the needs. These
dealers have been awarded Authorized Dealer certificate on various
product/service quality benchmarks set by Subject.
CMT REPORT
(Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist
organization or whom notice had been received that all financial transactions
involving their assets have been blocked or convicted, found guilty or against
whom a judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent
government authority for any violation of anti-corruption laws or international
anti-money laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE
GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.26 |
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UK Pound |
1 |
Rs.79.00 |
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Euro |
1 |
Rs.63.53 |
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 |
3 |
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OPERATING SCALE |
1~10 |
3 |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
4 |
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--PROFITABILIRY |
1~10 |
2 |
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--LIQUIDITY |
1~10 |
3 |
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--LEVERAGE |
1~10 |
3 |
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--RESERVES |
1~10 |
3 |
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--CREDIT LINES |
1~10 |
3 |
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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 |
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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27 |
This score serves as a reference to assess SC’s credit risk
and to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING
EXPLANATIONS
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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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