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An initiative by BMPA & MMS PRINTBULLETIN PRINTBULLETIN R.N.I. No. 14474/1958 Volume No. 56 Issue No. 4 Mumbai Total Pages 40 April 2018 Monthly r 25/-

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Page 1: An initiative by BMPA & MMS PRINT R.N.I. No. 14474/1958 ...€¦ · printers to outsource. FORWARD The latest update of the popular pdf toolbox extends functionalities to make it

Vol. No. 54 Issue No. 8, Mumbai Total Pages 28 August 2016 Monthly `. 25

An initiative by BMPA & MMS

PRINTBULLETINPRINTBULLETIN

MarketplaceMarketplace

From Written Offto ProtabilityFrom Written Offto ProtabilityKodak announces its return to protabilitydriven by improvements in income fromcontinuing operations.

Learning CurveLearning Curve

Production Printingis ChangingProduction Printingis ChangingChanging demographics and greater volumesof information is forcing productionprinters to outsource.

Changing demographics and greater volumesof information is forcing productionprinters to outsource.

FORWARD

A

LEAPFORWARD

A

LEAP

The latest update of the popular pdftoolbox extends functionalities tomake it more comprehensive and robustpre-press tool.

R.N.I. No. 14474/1958

Marketplace

From Written Offto Protability

Learning Curve

Production Printingis ChangingChanging demographics and greater volumesof information is forcing productionprinters to outsource.

FORWARD

A

LEAP

The latest update of the popular pdftoolbox extends functionalities tomake it more comprehensive and robustpre-press tool.

Kodak announces its return to protabilitydriven by improvements in income fromcontinuing operations.

Volume No. 56 Issue No. 4 Mumbai Total Pages 40 April 2018 Monthly r 25/-

Page 2: An initiative by BMPA & MMS PRINT R.N.I. No. 14474/1958 ...€¦ · printers to outsource. FORWARD The latest update of the popular pdf toolbox extends functionalities to make it

Presenting The Innovative imagePRESS C10000VP

100 PPM Digital ColorPrinting

2400 X 2400 DPIPrint Quality with256 grey Levels

Gloss OptimizedOffset like PrintSmoothness

Media HandlingUpto 350 GSM

Enhanced TextureMedia Printing

Supports PaperLength Upto 762 MM

Salient Features

*Canon imagePRESS C70XXVP was voted as Winner of “Popular ColorCut Sheet Digital Press” in Print WeekIndia June 2013 Online Polls

210X290 mm

The innovative imagePRESS C10000VP takes digital color printing to the next level. It uses various proven and upgradedColor Control technologies like Auto Gradation Adjustment, Auto Correct Color Tone,Shading Correction and Multiple DensityAdjustment Technology. This Powerful Print Engine driven by Hyper RIP Print Servers reliably delivers print speeds of up to

100 PPM and consistency at 350 GSM without compromising on Quality and offers an excellent return on investment forbusy Graphic Art environment.

To Register For Demo SMS To Register For Demo SMS "CANPP" to 575758

www.canon.co.in/ppp, Call: 1800 180 3366 (Toll Free) or 39010101 ( prefix your city code while calling)7th & 8th Floor, Tower-B, Building # 5, DLF Epitome, DLF Phase III, Gurgaon - 122002 Ph.: 0124-4160000 Fax: 0124-4160011

BETTER

THEBEST*JUST GOT

THELEGACY

CONTINUES

Page 3: An initiative by BMPA & MMS PRINT R.N.I. No. 14474/1958 ...€¦ · printers to outsource. FORWARD The latest update of the popular pdf toolbox extends functionalities to make it

Design: Dhote Offset Technokrafts Pvt. Ltd.Tel.: +91 22 42389898 email: [email protected]: Printed on 210 gsm Matt Art CardInside pages: Printed on 100 gsm Matt Art Paper

Printed and Published by Uday Dhote on behalf of Mumbai Mudrak Sangh and printed at Dhote Offset Technokrafts Pvt. Ltd.

Editor - Uday Dhote

Copy Editor - Prashant Shah

Consultant - Shripad Kulkarni (Ascharya Creative Communications)

IMPRINT

Mehul A. DesaiPresident, BMPA

Tushar DhotePresident, MMS

The BombayMaster Printers’Association

BOMBAY MASTER PRI NTERS’ ASSOCIATIO

N

Mehul A. Desai Tushar Dhote

FROM THEPRESIDENTS’DESK

BMPAVice PresidentsAmit ShahTushar Bhotica

Hon. SecretaryFiroze Reshamwala

Hon. TreasurerNitin N Shah

Immediate Past PresidentFaheem Agboatwala

MembersDev Nair

Fred Poonawala

Iqbal Kherodawala

Kuldeep S. Gouri

Milap Shah

Minoo Davar

Sanjay Patel

Saubhagyanidhi Seksaria

Vishwanath Shetty

MANAGING COMMITTEE

All rights reserved. For internal circulation only. Views expressed by the contributors are their personal and not necessarily that of The Bombay Master Printers’ Association and Mumbai Mudrak Sangh.

Dear industry colleagues,

Wishing you a warm yet pleasant and Alphonso summer.

MMS hosted the annual general meeting of Maharashtra Mudran Parishad (MMP) on Sunday, March 11, 2018, in Mumbai. Amit Shah of Spectrum Scan delivered an inspiring presentation about the ‘customer-centric approach’ by printers. Nishikant Apte of Shree Lipi presented Multilingual software, including the fonts for all Indian languages and a toolkit for Indian software developers and web applications.

Tushar Dhote, Chairperson for Pamex 2020, visited China between April 10 and 12, to reinforce confidence among the exhibitors to participate in Pamex 2020. He also visited Sino Corrugated South at Guangdong; the show had over 350 exhibitors presenting a wide range of options to upgrade to the modern and economical machinery. Fifty participants visited the trade show from Mumbai, India.

Anand Limaye, Chairperson of AIFMP’ legal cell briefly shared his views on the Indian paper mills taking undue advantage of the demand and supply disparity, and increasing the prices as much as 26% in the recent past without any justification or sufficient notice to the buyers. A complaint to this effect has been filed before Competition Commission of India regarding the unreasonable price rise and manufacturer cartelisation. Ballarpur Industries faced a shutdown of their unit, and Tamil Nadu Newsprint and Papers Ltd. was affected on account of shortage of water, leading to a sharp decline in the supply of paper. Printers enter into long-term contracts with their clients basis the current market rates; hense any sharp and uninformed increase in the price of paper puts the industry under immense pressure. AIFMP, in a representation to Directorate General of anti-dumping and other duties in New Delhi, has strongly objected to the imposition of anti-dumping duty on imported paper as it would further impact the already stressed Indian Print Industry.

The BMPA’s study tour to Bobst and KBA has met reasonable interest and success. Members would leave for the six day tour on May 27 from Mumbai.

BMPA and MMS are collaborating over the Global Exhibition of Services (GES) an initiative of Government of India. Maharashtra is host state for GES18. For the very first time Printing and Publishing are being curated within the GES. To cement good tidings, despite the last minute intimation, BMPA and MMS will build a presence at the expo - May 15~18, 2018 in BEC Hall 1. There will be a seminar alongside too. Watch out for more info soon. We look forward to seeing members making most out of the GES, which essentially takes place in our very own backyard.

MMSVice PresidentsPramod ParulkarAshok Holkar

Hon. SecretaryPrakash Canser

Hon. Jt. SecretaryMehul Shah

Hon. TreasurerRajiv Joshi

Immediate Past PresidentMedha S. Virkar

MembersAnand Limaye

Uday Dhote

Deepak Wadekar

Kedar D. Ambekar

Milind Deshpande

Aparna Salian

www.mumbaimudraksangh.orgemail: [email protected]: Space 1, 1st Floor, Municipal Chow-patty Market Dadiseth Lane, Babulnath, Mumbai 400007 MH

www.bmpa.orgemail: [email protected]: # 216 Neelam, 108, R G Thadani Marg, Worli, Mumbai 400018 MH

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4 | APRIL 18

Vol. No. 54 Issue No. 8, Mumbai Total Pages 28 August 2016 Monthly `. 25

An initiative by BMPA & MMS

PRINTBULLETINPRINTBULLETIN

MarketplaceMarketplace

From Written Offto ProtabilityFrom Written Offto ProtabilityKodak announces its return to protabilitydriven by improvements in income fromcontinuing operations.

Learning CurveLearning Curve

Production Printingis ChangingProduction Printingis ChangingChanging demographics and greater volumesof information is forcing productionprinters to outsource.

Changing demographics and greater volumesof information is forcing productionprinters to outsource.

FORWARD

A

LEAPFORWARD

A

LEAP

The latest update of the popular pdftoolbox extends functionalities tomake it more comprehensive and robustpre-press tool.

R.N.I. No. 14474/1958

Marketplace

From Written Offto Protability

Learning Curve

Production Printingis ChangingChanging demographics and greater volumesof information is forcing productionprinters to outsource.

FORWARD

A

LEAP

The latest update of the popular pdftoolbox extends functionalities tomake it more comprehensive and robustpre-press tool.

Kodak announces its return to protabilitydriven by improvements in income fromcontinuing operations.

Volume No. 56 Issue No. 4 Mumbai Total Pages 40 April 2018 Monthly r 25/-

Has something you’ve read in PRINT BULLETIN intrigued or excited you? Write in and share it with us. We would love to hear from you, we shall publish a selection of your responses in the forthcoming issues.

Email us at: [email protected]

We welcome your emails, while reserving the right to edit them for length and clarity. By sending us your letters you permit us to publish it in the magazine. We regret that we cannot always reply personally to your emails.

SEND US YOUR FEEDBACK

Advertisement add 3 mm for Bleed.

* ‘For sale’ etc. ads for members only.

A unique discount is available on annual contracts.To know more, write to us at [email protected] OR [email protected] to be issued vide cheque favouring: Mumbai Mudrak Sangh.All artworks to be supplied in hi-res PDF or convert to curves CDR format

Full page : 10000 11.7" x 8.25"

Half page : 5500 (V)11.7" x 4.1" or (H) 5.85" x 8.25

Double spread : 20000 11.7" x 16.5"

Centre spread : 22000 11.7" x 16.5"

Back cover : 20000 11.7" x 8.25"

Cover inside 2 : 15000 11.7" x 8.25"

Cover inside 3 : 12000 11.7" x 8.25"

Classifi ed : 1500* 3.5” x 2.5”

TARIFF CARD

Two to tangoA SaS presentation about teamwork was exemplarily delivered as a team by Amit Shah and Iqbal Kherodawala.

To make the best print Manipal Institute of Technology organised two national-level events to shape better media professional for print and electronic media.

AR dominated ‘Impressions.’ Augmented reality was the focus of Impressions 2018, the student tech-fest of SIES GST, Navi Mumbai.

‘Going green’ is businessSaurin Shah of Viraj Prints shares the success of his business that is strategically environmentally friendly.

More disclosure for improved complianceUp-to-date with the news and latest updates in GST, Companies Act, FEMA, and banking sector.

Colours in a different lightWe shall have opened an entirely new spectrum of possibilities if structural colouration becomes commercially viable.

The need for speedShridhar Visvanathan, a veteran powerqualityanalyst details why speedy voltage control is the need of the hour.

5

20

26

34

33

18

14

CONTENTSCONTENTS

mpressors an

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SAS: IT TAKES TWO TO TANGO

ASSOCIATION NEWS

A SaS presentation about teamwork was exemplarily delivered as a team by Amit Shah and Iqbal Kherodawala, both managing committee members and successful master printers in their own right.

In the current financial year, Seekho Aur Samjho (SaS) has revived itself in the 2.0 avatar as a year-long knowledge-sharing and learning experience; the first of the five SaS sessions was conducted at Government Institute of Printing Technology (GIPT), Mumbai, on April 7, 2018. The session focused on ‘improving teamwork to improve productivity.’

Teamwork; known yet elusive

At the beginning of the interactive presentation, Iqbal Kherodawala, popularly known as ITK, highlighted the paradox about teamwork. “We all know what teamwork is, and yet we miss practising it in our daily lives,” he opened the presentation, “so today, let us help each other understand how best we can practise teamwork.” ITK also underlined the focus of the session, when he said, “with improved productivity, we may not aim to increase production – we may not print more copies, process more work, or make more plates. What we can certainly aim for is increasing productivity – by ironing all the creases, by removing all the process and personal hurdles as a team in an organisation.”

ITK’s team member, Amit Shah, took centre stage to explain

the duo’s definition of teamwork. He shared daily, familiar examples such as the ‘fourth seat’ in the local trains; to accommodate the fourth person, we all adjust a little. Virat Kohli is the captain, however, without his team, he alone will not be able to win the match. “Captain provides leadership, but what is the teamwork? What is the responsibility of each team member?,” asked Mr Shah. “It is the responsibility of each team member to see itself a part of the team and contribute towards achieving the common goal,” he explained

with the visual of a chain on the presentation screen, “like each link in the chain connect with each other and make a chain, we make the team. The team starts with us when we connect with people around us – downstream, upstream and colleagues from our smaller functional teams.”

The duo came prepared with many activities for the participants. To simplify the concept of better teamwork achieving improved productivity, they asked a few participants to make boondi-ladoos from loose boondi. Albeit,

with just one palm, and only a few fingers in just. They tied together some fingers of each participant. In fact, they asked one participant to leave out just the little finger, and yet the ladoo could not be shaped. “We all know the fact that five fingers make a fist and the impact is concentrated; we have

to practise this knowledge to achieve improved teamwork and raise productivity in our organisation.”

A balancing act

Mr Shah explained a beautiful concept one must understand for improved teamwork. He emphasised on balancing between ego and experience or recognising

Iqbal Kherodawala and Amit Shah explain that teamwork begins with ‘i’, not ego.

Skills for team building• Excellent communication and

open to suggestions

• Conflict resolution

• Listen

• Persuasion

• Adaptability

• Flexibility

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the need to learn from each other. “We often dismiss each other. What will this youngster teach an experienced print professional like me? These veterans in the organisation cannot use computers as efficiently as I do, how can I progress with these oldies?” team building effort collapses when we raise such petty questions. “Teamwork begins with ‘i’, not ego,” said, Mr Shah.

“Each one of us works in the organisation. We perform our jobs. We get paid for our jobs,” he added, “teamwork demands us to transcend the job-mentality and perform our duties. Doing something that transcends your job profile will help team building in the organisation. “Let us give you a simple example. When not in use, switching off lights and fans is not your job, but as a part of the organisation, it is your duty. When we perform our duties, we contribute towards increasing productivity,” added Mr Shah.

ITK pitched in here to take the point further. He shared the technical definition of teamwork is ‘the combined action of a group, especially when effective and efficient.’ “The moment you start thinking about duty, team building becomes easy. It is duty-bound work culture that bonds people and functions in a synergy,” ITK added, “Excellent teamwork supports a more empowered way of working, removing constraints which may prevent someone doing their job properly. Teamwork must encourage multi-disciplinary work where teams cut across organisational divides.” Teamwork is the way of extending yourself to reach out to others to ensure you achieve a common goal together, as a team and not as individuals and independent functions. To attain excellent teamwork in any organisation, it is essential to encourage and hone specific personal traits and skills.

“We must respect one another irrespective of age, caste, creed, education and such differences. Trust building is a slow but essential process in achieving good teamwork. Each member of the organisation must understand the dependencies on each other to deliver a complete product to the customers. Moreover, most importantly, each one of us must have a sense of ownership for our work and the common company goals.” said, Mr Shah. He shared the example of ‘govinda’ or the sport of making human pyramids. Making tall human pyramids is a beautiful example of teamwork where each member of the team trusts another, understands that each one of them is dependent and connected with the other. It is with this connection they stand united, tall, and firm. Any weak link in the human pyramid cause it to collapse. “Isn’t it important for us to trust each other and encourage each other to perform better? It is not just important to print excellently...if we inform the binding team about the job in advance, they will be able to plan their processes better to deliver a good job. If they

do not deliver, despite exceptional printing job, the product will not meet the quality expectation of the company and the client,” Mr Shah explained the importance of coordination and ownership of our duties in building great team in an organisation.

An enriching experience

“It is a common experience that each one of us prefers service providers that support us well. We prefer to shop at an outlet that offers us good experience; something beyond offering just a good product.” ITK added, “just as we prefer better experience within the same product category, our clients appreciate teamwork; good teamwork and synergy within an organisation motivates customers to work with the

Participants, divided into smaller teams, worked together to plan the process to deliver an imaginary job. This simple yet effective exercise offered each participant an opportunity to share experiences and learn from each other.

ASSOCIATION NEWS

The next SaS session about ‘preventive maintenance of printing machines’ will be conducted on July 7, 2018, at SIES Graduate School of Technology in Navi Mumbai.

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8 | APRIL 18

organisation.” Good teams evoke a sense of respect and trust among clients. This bond helps strengthen the relationship between clients and service providers.

At the time of closing the presentation, the duo gave each participant a task to work as a team to deliver an imaginary job. They asked each team to detail the process of delivering the job in the shortest possible time. Listening to each team’s presentation of the process, the duo, along with the other participants, highlighted and appreciated the positive points that each participating group shared. They also pointed out and critically evaluated the negative aspects of the team and participants to complete and strengthen the sharing and learning experience. Concluding the presentation, ITK highlighted the benefi ts of good teamwork: “At the personal level, great teamwork gives each member of the team a sense of achievement, equity, friendship at the workplace.”

Over 10 member companies have enrolled their nominees to SaS 2.0, promising their participation and support throughout

To make a ladoo, you need to use the entire palm. That is a life-lesson for teamwork – we need to work in tandem and together for better productivity.

the year. Arun Art Printers, Akar Limited, PrintStop India, Shri Arun Packaging, Printman, Parksons Graphic Private Limited are some of the member companies participating in SaS 2.0.

GES: AN OPPORTUNITY NOT TO BE MISSEDGlobal Exhibition of Services (GES) will be held between May 15 and 18, 2018, at Bombay Exhibition Centre in Goregaon, Mumbai. The 4th edition of the exhibition will showcase 700 exhibitors and over 500 oversease delegates will represent 12 key sectors and 22 sub-sectors from over 100 countries. Twenty fi ve Indian states are also participating in the exhibition. GES is a fl agship annual event of the Department of Commerce working under the aegis of Ministry of Commerce and Industry, Government of India, in association with Services Export Promotion Council (SEPC) and Confederation of Indian Industry (CII).

Services sector is the key driver of India’s economic growth – from software, health, to tourim and entertainment. The sector has over 60% share in the country’s gross value added (GVA), about ~30% share in the total employment generation, and over 50% share in attracting foreign direct investment (FDI). Services exports from India reached US$163 billion in 2016-2017. India’s distinctive competencies and competitive advantage formed by the knowledge-based services gives her a unique position in the global services economy. “India’s services exports can help global businesses build their productivity and support jobs across the world. Exchange of services represents the way forward for global trade,” said Pranab Mukherjee, President of India, at the GES 2017.

GES 2018 promises unparalleled opportunities to network and trade scross services sector, with participation of exhibits and delegates from over 100 countries, about 50,000 visitors, and exclusive knowledge dissemination through thought-leaders and sector-specialist from across the world presenting their ideas and sharing experiences through 30 seminars. To register for GES 2018, write an email to [email protected], [email protected], [email protected] or visit www.gesindia.in You can also write to Jyoti Kaur, Deputy Director General, SEPC, at [email protected]. CII Toll-free Helpline can be reached at 1800 103 1244.

MARKETPLACE

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‘ULTIMA’[TE] BOOST TO COMMERCIAL PRINTING

Manroland is giving packaging and commercial printers more fi repower with their latest incarnation of the legendary ROLAND 700, the new ROLAND 700 EVOLUTION Ultima®. Luxury packaging and high-end commercial is a buoyant sector of the printing market. Primarily unaffected by the ravages that other segments of the market have been subjected to, high-end packaging and commercial printers have protected their margins by adding more and more value to their print runs.

One-pass for quick turnaround and value addition

Manroland has recognised this and developed the Ultima® in response to the changing market demands printers are facing, whether it be higher quality requirements, increased complexity, shorter runs or reduced lead times. Ultima® is aimed at handling all the various coating, printing and foiling processes on high-end packaging and commercial print runs in more profi table one-pass production, a buzzword for many high-end commercial and packaging printers, is the predominant theme of the Ultima®.

“If a printer can add as many processes as possible onto the sheet as it goes through the press, it is instantly more

The new Roland 700 Evolution Ultima® offers improved quality and added value to the buoyant high-end commercial and luxury packaging printing market.

profi table than if they leave pallets of half-fi nished work, or have to put extra handling into a stack just to get it through the next process,” says Dr Peter Conrady, Head of Global Sales at Manroland Sheetfed.

What exactly is an Ultima® press?

At the heart of new Ultima® is the ROLAND 700 EVOLUTION – Manroland’s technically advanced next-generation 3B

platform. Manroland describes Ultima® as “a press with one or more inline coater or special fi nishing process”. Ultima® can be elegantly minimal – with simply an in-feed, coater and delivery – or it can be highly sophisticated with the coating, printing, perfecting, foiling and fi nal coat. Whichever confi guration, OnePass® is the common factor. Among the new developments incorporated in the Ultima® platform are a newly designed central console with touch-screen control, a new feeder pile transport that cuts down on waste, new

suction belt sheet handling technology for a more even pile contour, all-new dampening units, bearings that signifi cantly reduce vibration and, with sophisticated software for practice-oriented roller washing cycles, even less downtime.The coaters

The result of Manroland’s Ultima® development is even more enhanced productivity, print quality and lower production costs - something that Manroland aficionados will instantly recognise from this, the world’s most innovative press builder.

Manroland Sheetfed GmbH is a leading German producer of sheetfed offset litho printing presses. Founded in 1871, the company is one of the oldest producers of printing presses in the world. Today the company has its subsidaries in over 40 countries and is a global watchword for supreme quality and reliability. Manroland Sheetfed GmbH is a wholly owned subsidiary of the privately owned UK engineering group, Langley Holdings plc, a diverse and privately owned engineering and industrial group based in the UK. Langley Holdings' reported profi t before tax for 2017 was €111.8 million versus €122.7 million in 2016, however, the group’s Founder and Chairman, Tony Langley, said in his review of the business that 2017 had been “...another remarkably successful year” with underlying profi ts before tax up by 7% on the previous year, making 2017 another record year for the group.

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are standard anilox-fl exo-style doctor-bladed units, although now inverted – the negative chamber blade sits at the bottom of the unit, which allows gravity to feed the duct’s contents to give the blade a full dose of varnish or coating.

Simple yet effective.

With the Ultima®, Manroland’s QuickChange® coating mechanism is standard. QuickChange® basically “does what it says on the tin”, says Conrady. “It allows users to swap one grade of coating or varnish for another in less than 10 minutes.” The QuickChange® system couples with a similar QuickChange® wash system that fl ushes the entire coating unit automatically at the end of a shift, or another user-specifi able interval. Another feature of the Ultima® is the drying units that follow each coater. These can be either conventional hot air, Infrared, UV or LED.

Manroland’s InlineFoiler can also be added to the Ultima® coating/printing agglomeration, giving even more scope for

added-value sheets. The InlineFoiler occupies two print units, with the fi rst putting down the printable adhesive required for the cold foil to bond to the sheet and the second unit laying down the foil directly onto the glued sheet via the blanket cylinder.

While the natural position for the InlineFoiler might be considered at the end of the print units, Conrady says it might also sit at the beginning, before the inks are laid down. “If the foiler sits on the fi rst two print units, the foil can then be printed over to create any coloured metallic fi nish” he points out. And with demand for metallic fi nishes only likely to increase, in line foiling makes “perfect sense.”

Two fi nal ancillaries can also be added: the InlineInspector system and the InlineSorter. These devices work together to apply a set of user-defi nable criteria to “every sheet coming into the delivery” says Conrady and will reject any that don’t meet register, colour or other quality criteria.

XEROX: WORLD’S MOST ETHICAL COMPANYIn February this year, Xerox has been recognised by the Ethisphere Institute, a global leader in defi ning and advancing the standards of ethical business practices, as one of the 2018 World’s Most Ethical Companies. Xerox has been recognised every year since 2006 and is one of only two honorees in the Information Technology Services industry, underscoring their commitment to leading with integrity and prioritising ethical business practices. In 2018, 135 honorees were recognised, spanning 23 countries and 57 industries. The twelfth class of honorees had record levels of involvement with their stakeholders and their communities around the world. Measuring and improving culture, leading authentically and committing to transparency, diversity and inclusion were all priorities for honorees. “Every decision we make and every action we take should demonstrate our unwavering commitment to ethical business conduct,” said Xerox CEO Jeff Jacobson. “Our continued recognition by Ethisphere is a refl ection of that promise.”

The World's Most Ethical Companies assessment is based upon the Ethisphere Institute's Ethics Quotient® framework, which offers a quantitative way to assess a company's performance in aspects of corporate governance, risk, sustainability, compliance and ethics. Scores are generated in fi ve key categories: ethics and compliance program (corporate citizenship and responsibility), a culture of ethics, governance and leadership, innovation and reputation. All companies that participate in the assessment process receive their scores, providing them with valuable insights into how they stack up against leading organisations.

Xerox stall in PrintFair 2018 at Hyderabad earlier this year

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MARKETPLACE

TO MAKE THE BEST PRINT-PROFESSIONALS Manipal Institute of Technology organised two national-level events to shape better media professional for print and electronic media.

A media carnival for students

It is essential to keep the students abreast with the rapidly changing and evolving media technologies and encourage their creative experiments to use the technologies in the process of making them the best media professionals. The experimentation and the creative exploration of technologies is a critical and the most crucial part of the learning process. Acknowledging this very fact, the Department of Printing and Media Engineering at Manipal Institute of Technology, Manipal, organised ‘Media Carnival 2018' – the sixth edition of the national level intercollegiate print and electronic media technical festival. The Carnival was organised in association with Manipal Technologies Limited, and supported by All India Federation of Master Printers (AIFMP).

Become entrepreneurs and future-ready

The objective of the programme is to promote printing technology by providing a platform for students to showcase their talent and build confidence among these future-print-professionals. Over 100 students participated in the Media Carnival 2018 from printing technology schools spread across India. On February 12, during the well-attended inauguration

ceremony at Sir M.V. Seminar Hall in MIT, Manipal, Vilas Nayak, Chairman and MD, Hanuman Group of Concerns and Spandana TV Channel, and the chief guest for the day stressed, “co-curricular activities are very fundamental to the career progression of students.” He also added, “With a simple camera and computer, you can be entrepreneurs rather than job seekers as soon as you graduate from the institute here.” Mr Nayak also shared with students the latest developments in the media industry and the scope for innovation in the industry.

Offering a peek into the future of printing technology, Dr Somashekar Bhat, Associate Director (Development), MIT, in his presidential speech talked about the advancements in printing and media technologies, “we have come a long way from manual hand composing to the highly sophisticated organ or cell printing through additive manufacturing processes or the 3D printing as we know it.” Dr Bhat added, "let us not forget that printing industry is poised to play an interesting and future-ready role in many industries through the support to the manufacturing of VLSI or very-large-scale integration. It is the process of creating an integrated circuit or IC by combining hundreds of thousands of transistors or devices into a single chip."

‘Media Carnival 2018’ – the sixth edition of the national level intercollegiate print and electronic media technical festival received overwhelming response from students. Image: MIT (3)

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s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

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s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

s.

#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India. l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

Two blankets that have been designed for continuous stationery applications and envelope printing.

Air Tack M for use with conventional and UV curing inks

Air Tack J UV for use with UV curing inks

Air Excel 7400 E

Air Excel MC1200W UV

ThermaSphere® compressible layer technology. Designed for high speed, high quality and long run sheet-fed application

Air Excel Titan Dual Combi

Air Excel TackM & J UV

ThermaSphere® compressible layer technology. Designed for use on mixed ink systems, conventional and UV, especially

Air Excel EX 6000 WEB

Stays stable & consistent, o�ers longer blanket life on pressthrough improved shock absorption, rapid recovery and bettersmash resistance. ThermaSphere® o�ers ecological improvementsin our manufacturing process.

ANDAND SYSTEMS

r Excellent Capability of keeping Wet (Oil & Water)

r Good Absorbency : Leading To Better Cleaning

r For All Type of O�set Machines using Conventional & UV Inks

r Approved by:

“Poly Clean” Autowash Cloth WET type

r Made of High Quality Fibresr Smooth Surfacer Very Soft - No Scratchesr Lint Free

DRY type “Poly Clean” Autowash Cloth

AND SYSTEMS#2 / F1, Prabhadevi Ind. Estate, Veer Savarkar Marg, Mumbai- 400025, India.l Tel: +91 (022) 24222926 l Fax: 24309195 l Email: [email protected]

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16 | APRIL 18

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A hands-on-learning experience

The inaugural day also included technical competitions, Best Print Manager, Built-box, Paper Presentation, and Logo design, for example, and a series of lectures and hands-on sessions about video editing, picturesque, beat mix, and intricate folding techniques. In the evening all the students were taken to the commercial print division of MTL for a fl oor visit.

Continuing the streak of excellently curated lectures on the second day of the Carnival, Dr Shivanand Wagle, GM (R&D), of MTL, interacted with the students about ‘Modern trends in Printing Technology', and Umesh N Nayak, a senior quality assurance consultant explained them the ‘100 ways to simplify our life'.

PVG’s College of Engineering and Technology, Pune, won Dr TMA Pai Memorial Overall Champion Shield in the engineering domain, Salesian Institute of Graphic Arts (SIGA), Chennai and Arasan Ganesan Polytechnic College (AGPC) Sivakashi grabbed the grabbed the Prof. P S Shivaram Memorial Overall Champion Shield in the diploma domain. Besides, 44 students won individual prizes.

Continuous printing education for Bengaluru printers

On March 21, Department of Print and Media Engineering of MIT, Manipal organised a one-day seminar at Manipal Academy of Banking in Bengaluru. Aptly titled Celebrating Print, the seminar was themed around ‘new horizons, new hopes’.

In his keynote address, V. Vaidyalingam, Director – Folding Carton at Manipal Technologies, highlighted the importance

of business data and statistics in effi ciently and effectively addressing the needs and the issues concerning fi nancial, human-resource, and environmental health of a print business. Ganesh Kumar, Product Manager – Labels, from Heidelberg India Limited, delivered an excellent presentation about ‘transforming and accelerating growth in print business. He also shared detailed insights into the present market scenario and the scope of label industry within the print.

Gururaj Rotti, Senior Assistant Manager – Converting and Graphic Arts, HB Fuller India, spoke about ‘the best practices in adhesives.’ He educated the audience on the adhesive chemistry, bond strength optimising techniques, effi ciency improvement and achieving the best in the production

process. Besides selecting the right adhesive technology for the appropriate job, Mr Rotti elaborated on the safety guidelines for adhesive handling and storage conditions and the requirements to prolong the shelf life of the adhesives.

O. Venugopal, Vice-president (South) AIFMP, the other chief guest was resourceful in sharing how the printing technology has evolved from manual operations to sophisticated automatic processing machines. He highlighted the need for skill development of the print technicians.

During the valedictory ceremony, chief guest Ravikumar KL, Principal of GIPT, Bengaluru, addressed the need for right skill development of printing technologists to extract high quality and productivity. He also highlighted the lack of mutual understanding and support of industry and academia to uplift the print community to the more signifi cant heights. He also sought the assistance of industry colleagues to help student community through

the internship, factory visit and projects.

‘New Horizons, New Hopes’ – the one-day seminar organised by the Department of Print and Media Engineering of MIT, Manipal, offered a complete learning experience to the print professionals in Bengaluru

Vilas Nayak, the chief guest for the inauguration of Media Carnival 2018, lit the wisdom lamp to kickstart the student carnival.

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‘IMPRESSIONS’ AND AUGMENTED REALITY Augmented reality was the focus of Impressions 2018 and Adviteeya – the student tech-fest and the student-magazine of SIES GST, Navi Mumbai.

Augmented reality or as popularly known, AR is a future-ready innovative technology merging the simplicity of printing and the experience-delivering ability of computing applications, grabbed the attention of the students at SIES Graduate School of Technology (GST). The annual student tech-fest hosted by the Department of Printing and Packaging Technology of SIES GST, Impressions 2018 and the student-magazine Adviteeya published at the tech-fest, were focused on the applications of augmented reality in printing and packaging industry. The tech-fest conducted seven events comprising of technical paper presentation, quiz, package design and many more with active participation from Chennai, Pune and Beed.

The guest for the event was Ramesh Deshpande, VP, Lable Manufacturers Association of India (LMAI); Sudish Sukumaran, Technical Director, Elmach Packages India; Rohit Mehta, SMI Coated Papers; Gaurav Kumar

from Sona Papers; and Gajanan Deshpande, Production Manager of Garware fi lms.

Take the plunge, practise the trade

Mr Deshpande addressed the student participants by sharing his life experiences and the success stories. “You cannot learn to swim unless you step into the water,” Mr Despande shared the perfect anecdote advising students to take up hands-on jobs, going beyond the classroom learning, to gain knowledge and insight of the printing and packaging industry.

Emphasising on the theme of AR, the students of Print and Packaging Technology designed and built AR application for mobile. was presented by Mr Sukumaran of Elmach Packages presented it. Prasad Balan Iyer, Head of the Department of Printing and Packaging Technology said, “The working of the app was demonstrated to the live audience which was done for the fi rst time at Impressions 2018.” He added, “Sukumaran presented a video on how Elmach Packages India has applied the concept of augmented reality into its blister packaging machine, becoming the fi rst company in India to do so.”

Mr Sukumaran shared the insights on the reach of AR in the printing and packaging industry and its potential growth in the coming years. He said, “To understand Augmented Reality, one has to have a better understanding of reality.”

The event was supported by LMAI, SMI Coated Papers, Procam Flexoprints, Sona Papers, PrintWeek India and BMPA. PrintWeek India was the knowledge partner for the event. Next year the PPT department will be hosting its second edition of the national conference on printing and packaging.

Content for this story is with inputs from PrintWeek India

Impressions 2018 organising committee comprised of professors and students. Image: SIES GST (2)

Ramesh Deshpande, VP, Lable Manufacturers Association of India.

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GREEN IS INTEGRAL TO OUR COMMERCIAL SUCCESS AND BRAND DIFFERENTIATION Print Bulletin grabbed the opportunity to interview and understand the green-first business model led by Saurin Shah, Partner at Viraj Prints that has recently won Viraj an Asian Print Award 2018.

SPECIAL FEATURE

Q Congratulations Sourin Shah. Viraj has recently won the Asian Print Award in the ‘green’ category. Will you please take us

through the journey of Viraj since its inception?

My father Ashwin Shah incorporated Viraj Prints in 1982. He started with the trader business of printing, and he eventually entered the offset printing market. During his tenure at the helm of Viraj Prints, he did a lot of advertising business in four-colour offset. I joined the company in 1996; I started with the audio-video packaging business. The journey continued for over 15 years. My brother, Viral Shah joined in 2000. He started looking after the production part of our business.

Through the declining market for compact discs (CD) and audio discs, we steered our business to FMCG (fast moving consumer goods) and cosmetic packaging. We started producing POSM (point of sale marketing material, such as danglers, brand-information, etc.), and we have become one of the very few POSM solution providers to the brands as well as the industry at large.

We specialise in paper-based POSM; we proactively promote paper and paper-based product solutions to our clients. With our

GREEN IS INTEGRAL TO OUR IS INTEGRAL TO OUR COMMERCIAL SUCCESS AND COMMERCIAL SUCCESS AND BRAND DIFFERENTIATIONBRAND DIFFERENTIATION

GREEN IS INTEGRAL TO OUR COMMERCIAL SUCCESS AND BRAND DIFFERENTIATION

sustainable and go-green approach with paper-based solutions, we help our clients achieve better environmentally friendly POSM solutions avoiding plastics and such materials. In fact, to further strengthen our green-solutions we have developed our board which is used more in our POSM and packaging materials for the brands.

Q It seems that your strong concept and design team is continuously innovating with the product as well as the material ideas. You take

pride in your specialised concept and design team. Please tell us about this team and its contribution to your business.

The concept and design is a separate setup, led by my wife, Rekha Shah. The company name is Verve Graphics; a sister

concern of Viraj Prints. As the lead visualiser, Rekha leads a team of around ten creative minds. Verve Graphics works not only for Viraj and POSM, but as an independent creative and design agency they work with many brands for packaging design, and collaborate with other creative agencies to deliver solutions to clients. They design brand-identities, materials for

Asian Print Awards – benchmarking the best

Every industry needs to have a benchmark to achieve the best; the Asian Print Awards was created 12 years ago to reward companies that achieve excellence in print production across Asia. Supported by the industry-leading suppliers, this event is by far the highlight of the year where the winners receive Gold, Silver, and Bronze medals for work that has been judged by a team of 10 international industry experts.

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GREEN IS INTEGRAL TO OUR COMMERCIAL SUCCESS AND BRAND DIFFERENTIATION

SPECIAL FEATURE

IS INTEGRAL TO OUR COMMERCIAL SUCCESS AND BRAND DIFFERENTIATION

GREEN IS INTEGRAL TO OUR COMMERCIAL SUCCESS AND BRAND DIFFERENTIATION

above-the-line and below-the-line activities, critical packaging board-designing, fl oorboard designing, and the journey has continued excellently.

While Viraj Prints handles the print production, Verve Graphics handles the creative and designing part of our products. This split of functions has not only given us the opportunity to work with our peers in the print and packaging industry but has also offered us insights into the thought process of our clients – the brand managers, especially; which enables us to provide more appropriate and targeted solutions to them.

Q I believe the specialised board that you have developed, and you promote laid the foundation of your claim to the recent award

to Viraj Prints. How did that idea germinate and come to life?

When I began dealing with the packaging materials for CD, there were all kinds of plastic. As we all know, the environmental havoc created by the rapidly growing consumption and the indiscriminate disposal of plastic materials. It was then we began to search for a solution that will minimise or eliminate the use of plastics from CD-packaging.

Another inspiration was the real problem that needed a

solution. Operating from the megapolis like Mumbai, disposal of scrap from all the plastics used in the production of packaging was a headache for us as manufacturers and solution providers. We were being a part of the problem, not providing any solution.

It was the need of the hour to replace sun-board and similar materials with a specifi c board designed and developed for the CD-packaging industry. It took us almost three years to develop and promote these boards. We are doing well with them now even in the POSM sector.

QWhile I appreciate and understand your zeal to promote paper and paperboard (PnP) as a sustainable material, in the recent years

even paper has faced much criticism for being non-environmentally friendly. How do you respond to these

anti-paper campaigns?

I do not subscribe to these campaigns and the thought process. We encourage our brands to use FSC (Forest Stewardship Council) certifi ed PnP. Over 60% of our PnP is FSC-certifi ed, and we are an FSC-certifi ed printer. An FSC-certifi ed paper is sourced from non-forest resources; primarily the raw material is sourced from agro-forestry. Using and promoting the FSC-certifi ed paper in our company is one of the ways, we

think, we contribute to the society and environment.

Ashwin Shah (seated) the founder of Viraj Prints and his sons Viral and Saurin (L-R) lead through thought leadership. Image: Viraj Prints (2)

It is our responsibility as a solution provider, to innovate and offer solutions that make environmental sense and deliver value to our clients.

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22 | APRIL 18

QI am sure you would agree with us that PnP is a link in the chain of the diverse and complex

production process in our industry. How do you ensure the environmental friendliness of your print production process?

You are correct in your assessment, and that is why we pay much attention to our production process – from plates and inks to the infrastructure we have built over the years. We use exclusively chemical-free, process-less plates.

We use H-UV (high-sensitive ultraviolet) ink technology at Viraj. Compared to the traditional UV technology, H-UV emits about 72% less carbon dioxide. H-UV inks are also VOC (volatile organic compound) free making them much safer for the environment as well as the press-operators. H-UV offers advantages of the traditional UV technology, quick drying for example, at the same time it does not need many processes that the conventional UV demands, spray-powder for instance. These advantages make the H-UV technology lot more efficient and safer for use in the industry.

We also encourage water-based coatings on the substrates. The water-based coatings make it easier to recycle the paper or the paperboard used for the products. These smaller steps significantly contribute towards achieving an environmentally-friendly production process.

Q It is interesting to know how leadership at Viraj has invested in green technologies. However, how do you engage and involve

your team in this thought process?

The team has to be involved and trained well. It is after all our team that markets, creates, produces and delivers solutions.

SPECIAL FEATURE

We have made detailed presentations about the benefits of deploying green processes and using the environmentally friendly products and raw materials. We focus a lot on the training of our marketing and sales team members; they the brand ambassadors of our thought process who present our solutions, encourage and convince clients to use our green solutions. Through these outreach teams, we also have

delivered targetted presentations to our clients emphasising the importance of going green in their POSM and packaging. I think we must educate our clients to go with PnP as a green option compared to other non-sustainable materials; if you have an excellent creative team and engineering minds, you can do miracles with PnP. This dual-level strategy, of engaging with the internal team and the client-side teams, has worked for us in encouraging green product solutions.

Q The latest award only underlines the innovative ways and means you use to promote green printing. How do you make

sure the innovation and environmentally sustainable thought process continues and drives your company in the future?

You see, we have seen the benefits of this strategy and the thought process. I do not see us drifting away from this path. We are here in this industry to embrace the practices that make business sense.

Green solutions are not just brand strategy for us; they are an integral part of our commercial success and brand differentiation. The more you innovate and deliver value to your clients, the more orders you are going to get. So for us, green is not just a social cause; it is who we are. It is what we stand for.

If we present clients the solution or an idea that is environmentally sustainable as well as delivers value compared to the solutions they are using, they will upgrade. It is then our responsibility as a solution provider to innovate and provide solutions that make environmental sense and deliver value to our clients. It is all about understanding the industry; if we don’t understand the industry, it is impossible to offer a solution.

Let me share an example. During the CD packaging days, we had over 150 different packaging ideas of which three were patented worldwide. We still hold those rights under the brand Vigi Pack. We presented these solutions to the industry that enabled them to move away from plastic packaging, offered a premium packaging experience to the end-customer at the same time it was economical to produce for our clients. Why would clients not accept our idea?

LET US BE THE FUEL

GO WIDE OR GO HOME.

With our advances in green LED printing, and in the Fiery® technology we’ve

built into the EFI Pro 16h, there’s never been a better time for you to enter

the fast-turn, high-margin wide format graphics world. It’s time to go wide.

Learn more at wideformat.efi.com/16h

EFITM Pro 16h

Nothing herein should be construed as a warranty in addition to the express warranty statement provided with EFI products and services. EFI, FabriVU, Fiery, the Fiery logo, and VUTEk are trademarks of Electronics For Imaging, Inc. and/or its wholly owned subsidiaries in the U.S. and/or certain other countries. ©2018 Electronics For Imaging, Inc. All rights reserved.

Innovative solutions must offer value to the clients beyond social cause, environmentally friendly for example, for the solutions to be truly successful.

We encourage water-based coatings that make it easier to recycle paper or paperboard used for printing.

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23APRIL 18 |

LET US BE THE FUEL

GO WIDE OR GO HOME.

With our advances in green LED printing, and in the Fiery® technology we’ve

built into the EFI Pro 16h, there’s never been a better time for you to enter

the fast-turn, high-margin wide format graphics world. It’s time to go wide.

Learn more at wideformat.efi.com/16h

EFITM Pro 16h

Nothing herein should be construed as a warranty in addition to the express warranty statement provided with EFI products and services. EFI, FabriVU, Fiery, the Fiery logo, and VUTEk are trademarks of Electronics For Imaging, Inc. and/or its wholly owned subsidiaries in the U.S. and/or certain other countries. ©2018 Electronics For Imaging, Inc. All rights reserved.

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24 | APRIL 18

MARKETPLACE

BOND FOR THE FUTURE OF BOOKBINDING BUSINESSBeginning of this year, Muller Martini took over the perfect binding and booking business from Kolbus including the service and spare parts business for all Kolbus bookbinding systems installed worldwide. Kolbus sets the focus on the packaging and case making business, parts manufacturing and the foundry business. Bruno Müller, CEO of Muller Martini, said, “Customers need innovations on a regular basis, which have to be financed with lower sales quantities. Above all, our customers benefit from the efficiency gains bringing together the bookbinding activities.” The market changes are directly affecting the customers, which are faced with new business models like digitisation. By combining the potentials for success like personnel, know-how, technology and infrastructure of the two companies, Muller Martini can provide the market with innovative solutions in the long term.

The bookbinding business of Kolbus is transferred to the new business unit Müller Martini Buchbinder-Systeme GmbH, which will be integrated into the Muller Martini group with all dedicated employees as an independent factory with domicile in Rahden. Kolbus will remain under the direction of CEO Kai Büntemeyer. With 900 employees, Kolbus sets the focus on the packaging and case making business, parts manufacturing and the foundry business. The know-how of the Kolbus machine portfolio is taken over, backed up and further developed by Muller Martini. The approximately 250 Kolbus employees from the bookbinding department will be taken over by Muller Martini in Rahden at the same employment conditions. The staff in the packaging and case maker segments will continue to work for Kolbus.

Muller Martini, a family business that was founded in 1946, has its headquarters in the city of Zofingen (in the Swiss canton of Aargau), and with 1,800 employees, it is active in the development and production of industrial system solutions for print finishing. Kolbus GmbH & Co. KG, whose establishment goes back to the year 1775, has its headquarters in Rahden and has three more sites in Gerabronn (Baden-Württemberg), Krostitz (Saxony) and Kalamazoo (Michigan). In the future, Kolbus will produce a broad spectrum of case makers and machine modules for compact packaging from cardboard and paper – especially for the luxury goods market.

Kolbus also has an ultra-modern factory with foundry and metal working and has been a supplier of the high technology machine construction in Germany and other countries for many years.

PACKPLUS SOUTH AND PRINTFAIR ATTRACT PRINTERS TO THE SOUTHOrganised in March this year, PackPlus South 2018 and PrintFair witnessed over 10,000 unique visitors, 250+ exhibitors, and 150+ live demos at HITEX Exhibition Centre, Hyderabad, showcasing some latest game-changing machines, materials and technologies that include high-end security and anti-counterfeiting packaging solutions, weighing and labeling machines, automated slitting, rewinding systems, paper-cup making machines, fully automated multi-track (fill and seal) machines and much more. “The PackPlus South together with Print Fair, alternating between Hyderabad and Bengaluru every year, has constantly been growing. This immensely successful edition together with the thriving market, should provide the base for exponential growth in the coming editions,” said Neetu Arora on behalf of the organisers.

Organized in a separate hall, PrintFair 2018 showcased arrays of state-of-the-art machines, materials and technologies that ranged from production presses, wide-format printers to speciality printing materials for the commercial printing, package converting and digital sign industries. Among the crowd-pulling exhibits presented by the key exhibitors at PrintFair were full-colour production printing systems designed for rock-solid professional image quality. The next edition of PackPlus South and PrintFair is slated to be held between April 10 and 13, 2019 at BEIC Bengaluru.

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Kolbus also has an ultra-modern factory with foundry and metal working and has been a supplier of the high technology machine construction in Germany and other countries for many years.

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TAX AND COMPLIANCE

Income Tax

The Income Tax Return (ITR) forms for Assessment Year (AY) 2018-2019 require a variety additional information to be furnished by the income tax (IT) assessees under various categories. Print Bulletin offers you a glimpse of the latest requirements for AY 2018-2019 for different ITR forms. Please note that the below list is not comprehensive; it is provided for guidance. For more detailed information, please refer to the ITR as and when required.

1. Additional disclosure requirements under Indian accounting standards (IND AS) compliance for companies. Applicable for ITR-6.

2. The fees for late filing of the return [Section 234F]. Applicable for ITR-1 to ITR-7.

3. Require more details of salary and house property income. Applicable for ITR-1 and ITR-4.

4. Additional details to be furnished by taxpayers opting for the presumptive scheme such as the amount of secured/unsecured loans, advances, fixed assets, capital account, etc.

5. Further, new ITR-4 seeks GST (Goods and Services Tax) registration number of the assessee and turnover as per the GST return filed by the assessee. Applicable for ITR-4.

6. Transfer of TDS (Tax Deducted at Source) credit to another person. Applicable to ITR-2 to ITR-7.

7. Capital gains in case of transfer of unquoted shares. Applicable for ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7.

8. Reporting of sum taxable as a gift. Applicable for ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7.

9. Now ‘partners’ cannot use ITR-2.

10. Revised Depreciation Schedule, that is, the highest rate of depreciation for any block of asset is restricted to 40%. Applicable for ITR-3, ITR-5 and ITR-6.

11. Details of business transactions wwith registered and unregistered suppliers under GST. Applicable for ITR-6.

12. Assessee claiming DTAA relief is required to report more details. Applicable for ITR-2, ITR-3, ITR-5 and ITR-6.

13. Information concerning capital gains exemption to be furnished in detail.

14. Disallowance of expenses in case of TDS default (for residuary income). Applicable for ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7.

More disclosure for improved complianceA panel of consultants helps Print Bulletin from time to time to keep you up-to-date about changes about your print business. This time we have updates about the Goods and Services Tax, Companies Act, FEMA, and the Banking sector.

15. Taxability on remission of trading liability in case of ‘income from another source’. Applicable for ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7.

16. Incom from the transfer of ‘carbon credits’. Applicable for ITR-2, ITR-3, ITR-5, ITR-6 and ITR-7.

17. Impact on profit or loss due to ICDS deviation. Applicable for ITR-3, ITR-5 and ITR-6.

18. Details of GST paid and refunded. Applicable for ITR-3, ITR-5 and ITR-6.

19. Removal of ‘gender’ from personal information. Applicable for ITR-2, ITR-3 and ITR-4.

20. Details of the foreign bank account of non-residents. Applicable for ITR-2, ITR-3, ITR-4, ITR-5, ITR-6 and ITR-7.

21. Reporting of CSR (corporate social responsibility) appropriations. Applicable for ITR-6.

22. The break-up of payments/receipts in foreign currency. Applicable for ITR-6.

23. Ownership information in case of unlisted company. Applicable for ITR-6.

24. Trusts to disclose more information in ITR. Applicable for ITR-7.

25. Details of the fresh registration upon change of objects (Section 12A). Applicable for ITR-7.

26. Taxability of dividend more than ₹10/- lacs (Section 115BBDA). Applicable for ITR-7.

27. No deduction for corpus donations made to other institutions (Section 11). Applicable for ITR-7.

28. Political parties to confirm if cash donations are received (Section 13A). Applicable for ITR-7.

Goods and Services Tax

Three-month extension to file GSTR-3B

The Government of India vide Notification No. 16 /2018 – Central Tax dated March 23, 2018, has notified that the present system of filing of GSTR-3B has been extended for another three months i.e., April to June, 2018 and the return is required to be filed on or before the last date as specified in the corresponding entry in column (3) of the said Table, as given below:

Month Last date of filing of return in Form GSTR-3BApril 2018 May 20, 2018May 2018 June 20, 2018June 2018 July 20, 2018

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Every registered person furnishing the return in Form GSTR-3B shall, subject to the provisions of section 49 of the Act, discharge his liability towards tax, interest, penalty, fees or any other amount payable under the Act by debiting the electronic cash ledger or electronic credit ledger, as the case may be, not later than the last date on which he is required to furnish the said return.

Introduction of the e-Way bill

Government of India vide Notification No. 15/2018 – Central Tax dated March 23, 2018 has notified that the provisions of sub-rules (ii) [other than clause (7)], (iii), (iv), (v), (vi) and (vii) of rule 2 of notification No.12/2018 – Central Tax, dated the 7th March, 2018 shall come into force from 1st day of April 2018.

• 9/2018-CT dated 23rd January 2018 appoints “www.ewaybillgst.gst.in” to be the official website for generation of EBN

• Rule 138 of CGST Rules has been brought into force by notification under section 164 of the CGST Act

• Similarly, notification(s) under section 164 of the SGST Act(s) are required for EWB applicability to intra-State movement of goods

• In the absence of corresponding State/UT notifications, all intra-State movements will be free from the requirement of EWB until notified (except Karnataka, that has issued its SGST notification)

• Notifications issued under CGST Act are mutatis mutandis applicable to IGST Act as such, inter-state movements attract the requirement of EWB immediately (from April 1, 2018)

• There is no need not for any concern about CGST officers inspecting vehicles during intra-state movement without EWB because the generation of EWB is not possible where ‘dispatch’ and ‘delivery’ are in the same State (except in case of Karnataka).

Clarification on issues related to job work

The government of India vide Circular No.38/12/2018

– Central Tax dated March 26, 2018, has clarified various issues about job work, as listed below:

• The registered principal may, without payment of tax, send inputs or capital goods to a job worker for job work and on completion of the job work, the principal shall either bring back the goods to his place of

business or supply (including export) the same directly from the place of business/premises of the job worker within one year in case of inputs or within three years in case of capital goods (except moulds and dies, jigs and fixtures or tools).

• Sending goods for job work is not a supply as such, but it acquires the character of supply only when the inputs/capital goods sent for job work are neither received back by the principal nor supplied further by the principal from the place of business/premises of the job worker within 1/3 years of being sent out.

• This is a welcome clarification that eliminates doubts both to industry and administration that ‘sending goods for job-work is not a supply’ as it does not satisfy any limb in the definition in section 7 of CGST Act. It is for this reason that section 19(3)/19(6) of CGST Act ‘deems’ non-return of goods within the time limit to be a supply. From this, it can be appreciated that ‘sending moulds for job-work’ is also not supply.

• It may be noted that the responsibility of keeping proper accounts of the inputs and capital goods sent for job work lies with the principal.

• Scope/ambit of job work: The job worker is expected to work on the goods sent by the principal only. In this regard, it is clarified that the job worker, in addition to the goods received from the principal, can use its goods for providing the services of job work.

• Requirement of registration for the principal/ job worker: It is clarified that a job worker is required to obtain only in cases where his aggregate turnover, to be computed on all India basis, in a financial year exceeds the threshold limit regardless of whether the principal and the job worker are located in the same State or different States.

• Supply of goods by the principal from job worker’s place of business/premises: It is clarified that the supply of goods by the principal from the place of business/premises of the job worker will be regarded as supply by the principal and not by the job worker.

ITR forms for Assessement Year (AY) 2018-2019 require a variety additional information to be furnished by the income tax assesees. Image: Nick Youngson CC BY-SA 3.0 Alpha Stock Images

TAX AND COMPLIANCE

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TAX AND COMPLIANCE

• Movement of goods from the principal to the job worker and the documents and intimation required therefor: The following is clarifi ed concerning the issuance of challan, furnishing of intimation and other documentary requirements in this regard:

• Where principal sends goods to only one job worker: The principal shall prepare in triplicate, the challan concerning rules 45 and 55 of the CGST Rules, for sending the goods to a job worker. Two copies of the challan may be sent to the job worker along with the goods. The job worker should send one copy of the said challan along with the goods while returning them to the principal. The FORM GST ITC-04 will serve as the intimation as envisaged under section 143 of the CGST Act, 2017.

• Where goods are sent from one job worker to another job worker: In such cases, the goods may move under cover of a challan issued either by the principal or the job worker. In the alternative, the challan issued by the principal may be endorsed by the job worker sending the goods to another job worker, indicating therein the quantity and description of goods being shipped. The same process may be repeated for subsequent movement of the goods to other job workers.

• Where the goods are returned to the principal by the job worker: The job worker should send one copy of the challan received by him from the principal while returning the goods to the principal after carrying out the job work.

• Where the goods are sent directly by the supplier to the job worker: In this case, the goods may move from the place of business of the supplier to the place of business/premises of the job worker with a copy of the invoice issued by the supplier in the name of the buyer (i.e., the principal) wherein the job worker’s name and address should also be mentioned as the consignee, in terms of rule 46(o) of the CGST Rules. The buyer (i.e., the principal) shall issue the challan under rule 45 of the 7 CGST Rules and send the same to the job worker directly in terms of para (i) above. In case of import of goods by the principal which are then supplied directly from the customs station of import, the goods may move from the customs station of import to the place of business/premises of the job worker with a copy of the Bill of Entry and the principal shall issue the challan under rule 45 of the CGST Rules and send the same to the job worker directly.

• Where goods are returned in piecemeal by the job worker: In case the goods after carrying out the job work, are sent in piecemeal quantities by a job worker to another job worker or the principal, the challan issued originally by the principal cannot be endorsed and a fresh challan is required to be issued by the job worker.

• Submission of intimation: Rule 45(3) of the CGST Rules provides that the principal is required to furnish the details of challans in respect of goods sent to a job worker or received from a job worker or sent from one job worker to another job worker during a quarter in Form GST ITC-04 by the 25th day of the month succeeding the quarter or within such period as may be extended by the Commissioner. It

is clarifi ed that it is the responsibility of the principal to include the details of all the challans relating to goods sent by him to one or more job worker or from one job worker to another and its return therefrom. The Form GST ITC-04 will serve as the intimation as envisaged under section 143 of the CGST Act.

• Liability to issue an invoice, determination of the place of supply and payment of GST: On the conjoint reading of all the related provisions the following is clarifi ed concerning the issuance of an invoice, time of supply and value of supply:

• Supply of job work services: The job worker, as a supplier of services, is liable to pay GST on the value of supply of such service if he is liable to be registered. In this regard, it is clarifi ed that the value of moulds and dies, jigs and fi xtures or tools may not be included in the value of job work services provided its value has been factored in the price for the supply of such services by the job worker. It may be noted that if the job worker is not registered, GST would be payable by the principal on reverse charge basis regarding the provisions contained in section 9(4) of the CGST Act. However, the said provision has been kept in abeyance for the time being.

Mudra will use a variety of innovative financing means including technology to bring down the cost of funding for the ultimate borrower. Image: Screenshot of https://www.mudra.org.in/

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At Koenig & Bauer, innovations in

printing have a tradition dating

back 200 years. From banknotes

to high-end packaging. We use

digitalisation for new products

and customised services. And in

doing so make it easier for you

to do business, with greater

performance and higher quality.

This is our commitment from

200 years of partnerships with

the printers of this world.

Indo-Polygraph

Machinery Pvt. Ltd.

New Delhi: T (11) 4068 8200

[email protected]

Mumbai: T (22) 2495 4400

[email protected]

koenig-bauer.com

From the inventor of the printing press. New solutions for printing professionals time and time again.

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Comment: The reference here to section 15(2)(b) implies that only if the job-workers was required to provide the moulds but provided by the Principal, then the value of moulds should be included in the value of job-work charges. But, if almost all cases, the Principal provides the moulds not as an option but as an obligation to ensure that the job-worker is not burdened with the responsibility of making the moulds. Providing the mould is not a ‘liability of job-worker met by Principal’. As such, GST is applicable on the ‘transaction value’. The inclusion of the value of capital goods or inputs provided as ‘free issue’ material to the job-work does not require to be included the value of job-work charges. Please see the previous comment about ‘sending moulds not being supply’. When it is not supplied; it cannot be included in the value.

• Supply of goods by the principal from the place of business/premises of job worker: Section 143 of the CGST Act provides that the principal may supply, from the place of business/premises of a job worker after completion of job work or otherwise. Since the supply is being made by the principal, it is clarified that the time, value and place of supply would have to be determined in the hands of the principal irrespective of the location of the job worker’s place of business/premises. Further, the invoice would have to be issued by the principal. It is also clarified that in case of exports directly from the job worker’s place of business/premises, the LUT or bond, as the case may be, shall be executed by the principal.

Illustration: The principal is located in State A, the job worker in State B and the recipient in State C. In case the supply is made from the job worker’s place of business/premises, the invoice will be issued by the supplier (principal) located in State A to the recipient situated in State C. The said transaction will be an inter-State supply. In case the recipient is also found in State A, it will be an intra-State supply.

Comment: In the above illustration, it does not assessees mention that the Principal who desires to make direct supplies from the premises of job-worker (State B) will be required to register in State B to be compliant with proviso to section 143(1). Care should be taken that each State is a distinct jurisdiction for purposes of section 22 of CGST Act regarding registration.

• Supply of waste and scrap generated during the job work: Sub-section (5) of Section 143 of the CGST Act provides that the waste and scrap generated during the job work may be supplied by the registered job worker directly from his place of business or by the principal in case the job worker is not registered. The principles enunciated in Para (ii) above would apply mutatis mutandis in this case.

• Violation of conditions laid down in section 143: If the inputs or capital goods are neither returned nor supplied from the job worker’s place of However, within the specified period, the principal would issue an invoice for the same and declare such supplies in his return for that particular month in which the period of one year / three years has

expired. The date of supply shall be the date on which such inputs or capital goods were initially sent to the job worker and interest for the intervening period shall also be payable on the tax. If the job worker returns such goods after the stipulated period, the same would be treated as a supply by the job worker to the principal and the job worker would be liable to pay GST if he is liable for registration in accordance with the provisions contained in the CGST 11 Act read with the rules made thereunder.

• Availability of input tax credit to the principal and job worker: In this regard, It is clarified that the input tax credit would be available to the principal, irrespective of the fact whether the inputs or capital goods are received by the principal and then sent to the job worker for processing, etc., or whether they are directly received at the job worker’s place of business/premises, without being brought to the premises of the principal. It is also clarified that the job worker is also eligible to avail ITC on inputs, etc., used by the job worker in supplying the job work services if he is registered.

Corporate law compliance

Relaxation of additional fees and extension of the last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013

Ministry of Corporate Affairs, Government of India, vide General Circular No. 13/2017 dated 26.10.2017 and upon consideration of requests received from various stakeholders for extending the last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013, it has been decided to extend the last date for filing of AOC-4 XBRL for all eligible companies required to prepare or voluntarily prepare their financial statements in accordance with Companies (Indian Accounting Standards) Rules, 2015 for the fiscal year 2016-17, without additional fee till 30 th April, 2018.

With this relaxation, relief is granted to stakeholders as the last date of filing of AOC-4 XBRL E-Forms using Ind AS under the Companies Act, 2013 was extended from March 31, 2018, till April 30, 2018, for the financial year 2016-2017 without additional fees.

Banking update

RBI rates unchanged, borrowings at lower costs

In its final monetary policy review of the current fiscal, the Reserve Bank of India (RBI) kept the repo rate unchanged at 6% for the third consecutive time. This was attributed to the rise in inflation.

The reverse repo rate too was not touched, at 5.75%, by the RBI’s Monetary Policy Committee, headed by the Governor Dr Urjit Patel. Retail inflation crossed the RBI’s comfort level and rose to 5.21% in December, 2017.

TAX AND COMPLIANCE

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This will result in lower borrowing cost for industry and will provide positive moment term in the economy. However, all banks must immediately cut their with rates and thereby make adequate available cheaper funds, especially for MSME (micro, small and medium enterprise) sector.

Prevailing policy rates, ratios, and interest rates as on March 23, 2018Instrument Existing rates (%)Policy repo rate 6.00Reverse repo rate 5.75Marginal standing facility rate 6.25Bank rate 6.25Cash reserve ratio (CRR) 4.00Statutory liquidity ratio 19.50Lending deposits ratesBase rate 8.65 / 9.45MCLR (Overnight) – marginal cost-of-funds-based lending rate

7.80 / 7.95

Savings deposit rate 3.50 / 4.00Term deposit rate >1 year 6.25 / 6.75

IBC panel eases insolvency rules for MSMEs

The insolvency and bankruptcy code (IBC) review panel has called for sweeping changes in the law aimed at easing insolvency rules for MSMEs. The committee has proposed that the promoters of MSMEs, who are not termed as wilful defaulters, should be allowed to bid for the assets of their companies during the insolvency process.

Government to review the ban on the sale of guarantors’ personal assets under insolvency law

National Company Law Tribunal (NCLT) had recently ruled that the personal assets of guarantors cannot be seized during the moratorium on the disposal of assets that is in place, while the insolvency process is underway in case of corporate debts. Now the Government of India will review the issue of the bar on liquidating the assets of directors who have given their guarantees for corporate loans.

P2P lending is the new-wave in small-town-India

According to social impact report by Fair Cent, the tech-driven approach of peer-to-peer (P2P) lending has been empowering businesses in Tier-2 and Tier-3 cities in India. In October 2017, RBI published guidelines to regulate and regularise P2P lending platforms as NBFCs. These P2P firms operate either as intermediaries for banks and NBFCs or as P2P direct lenders to small businesses. These platforms are becoming more popular in Tier-2 and Tier-3 cities as they provide a wide variety of non-traditional data to evaluate credit risk.

Funding for non-corporate, small business sector

Micro Units Development and Refinance Agency limited (Mudra) is a financial institution being set up by the Government of India for the development and the refinancing of micro-unit enterprises. The purpose of Mudra is to provide funding to the non-corporate small business sector through various last-mile financial institutions like banks, NBFCs (non-banking financial companies), and MFIs (micro-finance institutions). Mudra would

TAX AND COMPLIANCE

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Scan the QR Code to download Banking related complete update report.

Scan the QR Code to download Companies Act and Legal related complete update report.

Scan the QR Code to download FEMA related complete update report.

Scan the QR Code to download GST related complete update report.

be responsible for refinancing all last-mile financiers NBFCs, societies, trsuts, Section 8 companies, cooperative societies, small banks, scheduled commercial banks, and regional rural banks that are in the business of lending to micro and small business entities, engaged in manufacturing, trading and services activities.

Under the aegis of Pradhan Mantri Mudra Yojana, Mudra has already created its initial products and schemes. These interventions have been named ‘shishu’, ‘kishor’ and ‘tarun’ to signify the stages of growth and development and the funding needs of the beneficiary micro unit or entrepreneur. The three interventions also provide a reference point for the next phase of graduation or growth for the beneficiaries. The financial limits for the three interventions are as below:

Shishu Covering loans up to R50,000/-

Kishor Covering loans above R50,000/- up to R5 lacs

Tarun Covering loans above R5 lacs up to R10 lacs

Mudra’s delivery channel is conceived to be through the route of refinancing the banks, NBFCs and MFIs. Non–corporate small business segment comprising of millions of proprietorship and/or partnership firms, running as small manufacturing units, service sector units, shopkeepers, fruits and vegetable vendors, truck operators, food-service units, repair shops, machine operators, small industries, artisans, food processors and others, in rural and urban areas are eligible for the finance.

Mudra will use a variety of innovative financing means including technology to bring down the cost of funding for the ultimate

borrower. Mudra has developed a portal, for example, wherein the banks and other lending institutions directly feed their achievement detail. These details are consolidated by the system and reports are generated for review to feature and showcase Mudra milestones from time-to-time.

Disclaimer: The information shared in this article is personal understanding of the contributors, and shall not be used as a conclusive material. The content stated/mentioned here is

subject to changes by the respective Government/Authorities under the applicable laws. The contributors or the BMPA-MMS shall not be liable for any direct or indirect damages caused to

any person acting solely based up the information shared herein the article. Team Print Bulletin suggests the readers draw their

conclusions after taking into consideration various other relevant sections, rules to be notified from time to time and applicable compliance standards, guidance notes and other notifications

and amendments notified from time to time.

TAX AND COMPLIANCE

In October 2017, RBI published guidelines to regulate and regularise P2P lending platforms as NBFCs. Image: screenshot of Lendbox.in

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TECHNOLOGY CURVE

COLOURS IN A DIFFERENT LIGHTWhat if structural colouration is made commercially viable for the printing industry? We shall have opened an entirely new spectrum of possibilities!

Have you ever noticed the spectacular iridescence seen on peacock feathers? Or the spectrum of colours on the surface of a soap bubble? Or have you ever been dazzled by the striking display of shades of blue or orange, when an entirely black or brown butterfly slowly flapped its wings while soaking sunshine? That is the amazing magic of structural colouration; it is different from the colours we know in the printing industry.

What are structural colours?The dye-based colours primarily used in the industry work by absorbing the light-spectrum, except the shade or the colour printed on the substrate. That is how we see a red or a blue; when the ink is absorbing the rest of the light except the red or the blue on the substrate. On the other hand, structural colouration occurs when light bounces off or reflects from closely arranged particles on a surface; that is the reason seemingly single-coloured particles are able to display an array of colours when light reflects off them from different angles. Deploying this exact technique, researchers from Rice, Yonsei and Korea universities have found a way to allow colour images to be printed on a specially coated paper and then erased so that different images can be printed on the same paper.

A new era of printing coloursThe researchers found that they could use a single, colourless, water-based ink based on ammonium persulfate (APS) to control how the copolymers cross-link in various locations, which impacts their subsequent thickness and hence the structural colours that are reflected. APS stops the swelling of the copolymers, and the thin layer reflects blue. Ethanol was used to thicken the copolymers, which reflected red. By applying varying amounts of ethanol and APS to the paper that is coated with copolymers, the researchers were able to control the swelling and shrinking

of the molecules and generate the colours and patterns needed to create a picture. Large amounts of APS stopped all swelling, which resulted in black images because there was no reflection. The researchers also discovered that applying hydrogen bromide to the paper removed or erased the APS, so the reflections were neutralised, which ‘reset’ the system so that the paper could be used again. They printed and erased images more than 50 times on the paper, with resolution similar to that of a commercial office inkjet printer.

There is still a long way before the technique matures and becomes commercially viable for us, the printers, to delight our clients. However, this research project indeed offers us a glimpse into the dynamically spectacular future of our industry.

Note: The content for the article is sourced from https://www.sciencedaily.com/releases/2017/08/170801144251.htm and Han

Sol Kang, Jinseong Lee, Suk Man Cho, Tae Hyun Park, Min Ju Kim, Chanho Park, Seung Won Lee, Kang Lib Kim, Du Yeol Ryu, June

Huh, Edwin L. Thomas, Cheolmin Park. Printable and Rewritable Full Block Copolymer Structural Color. Advanced Materials, 2017; 29 (29): 1700084 DOI: 10.1002/adma.201700084 The content is

edited for style and length. This story was suggested by Vishwanath Shetty, Managing Committee member of BMPA.

The brilliant iridescent colours of the peacock’s tail feathers are created by structural colouration, as first noted by Isaac Newton and Robert Hooke. Image: AlexDuarte, Copyleft, Wikimedia Commons

Varying thickness of the colourless thin-soap-film reflects different colours; researchers are working towards perfecting and commercialising this very principle of structural colouration. Image: Threetwoone, CC A2.5, Wikimedia Commons

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LEARNING CURVE

THE NEED FOR SPEEDA power quality system analyst with over 30 years of industry expertise, Shridhar Visvanathan, Principal Consultant of Online Systems and the Electronic and Electrical Safety Consultant for BMPA, details why speedy voltage control is the need of the hour.

Modern and sophisticated machines used in the print and packaging industry consist of mechanical parts, heating elements, dryers, blowers, drives, motors, compressed air, and last but not the least, the mico processor-controlled electronics; the real brain behind the machine operation. For the range of earlier-generation machines, however, the conventional voltage stabiliser – servo controlled – was the industry standard in providing the desired voltage to the machine, so that it could function smoothly. Control electronics being analogue were more rugged and had a better tolerance limit for voltage fluctuations. Hence the stabiliser, though very slow in response, was a good enough protection for these machines.

The new range of modern machines offers an entirely new array of functionalities with the help of the cutting-edge technology. The need for speed and diverse functions these machines provide demands that the controller matches the speed and the quick response times; the controllers had to go the digital way. These controllers are now more of an information technology device, typically with digital signal processor architecture, comprised of digital electronic cards with discrete components.

So, we may ask, how good is the conventional servo voltage stabiliser in protecting the latest generation of electronic controls? To completely answer this question, we need to understand the tolerance of the digital control electronics or the information technology equipment, as we commonly know them.

ITC Curve – power acceptability curve for information technology equipment

ITC curve is a modified version of the CBEMA power acceptability curve. The ITC curve was created in collaboration with EPRI’s Power Electronics Application Center (PEAC). The intent was to derive a curve that can better reflect the performance of typical single-phase, 120 V, 60 Hz computers and their peripherals, and other information technology devices; the same ratio may be applied to devices working 230 V, 50 Hz supply in countries like India.

The ITIC curve is used as a reference to define the withstand capability of various loads and devices for protection from power quality problems. This is because the curve applies to other equipment containing solid-state devices aside from being specifically applicable to computer-type equipment. However, one should be careful and should keep in mind that the ITIC curve is not intended to reflect the performance of all electronic-based equipment. There are too many variables – power loading, nominal operating voltage level, and process complexity, to try to apply a one-size-fits-all ITIC curve

• Scope The CBEMA Curve and the Application Note illustrate an AC input voltage envelope, which typically can be tolerated by most Information Technology Equipment (ITE). It is not intended to serve as a design specification for products or AC distribution systems. The ITIC Curve describes both steady-state and transitory conditions.

• Applicability The ITIC Curve and the Application Note apply to 120 V nominal voltages obtained from 120 V, 208Y/120 V and 120/240 V 60 Hz systems. Other nominal voltages and frequencies are not explicitly considered, and it is the responsibility of the user to determine the applicability of these documents for such conditions.

Details of the components of ITC Curve

A brief description of the individual conditions that are considered in the ITIC curve is provided in this section. The term nominal voltage shall mean an ideal condition of 120 V (RMS), 60 Hz.

• Steady-State Tolerances The steady-state range is ±10% from the nominal voltage. Any voltages in this range may be present for an indefinite period and are a function of the average loadings and losses in the distribution system.

• Voltage Swell This region describes a voltage swell having an RMS amplitude of up to 120% of the RMS nominal

Be ‘grounded’, be safe

What is CBEMA Curve

CBEMA Curve is one of the most frequently employed power acceptability curve. It was developed by the Computer Business Equipment Manufacturers Association (CBEMA) in the 1970s, as a guideline for the organisation’s members in designing their power supplies. The CBEMA curve was originally derived to describe the tolerance of mainframe computer business equipment to the magnitude and duration of voltage variations on the power system. Also, the association designed the curve to point out ways in which system reliability could be provided for electronic equipment. Eventually, it became a standard design target for sensitive equipment to be applied to the power system and a common format for reporting power quality variation data. The CBEMA curve was adapted from IEEE Standard 446 (Recommended Practice for Emergency and Standby Power Systems for Industrial and Commercial Applications

– Orange Book), which is typically used in the analysis of power quality monitoring results.

Source for the box: http://www.powerqualityworld.com/2011/04/cbema-curve-power-quality-standard.html

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Be ‘grounded’, be safe

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voltage, with a duration of up to 0.5 seconds. This transient may occur when large loads are removed from the system or when the voltage is supplied from sources other than the electric utility.

• Low-Frequency Decaying Ring-wave This region describes a decaying ring wave transient which typically results from the connection of power factor correction capacitors to an AC distribution system. The frequency of this transient may range from 200 Hz to 5 kHz, depending upon the resonant frequency of the AC distribution system. The magnitude of the transient is expressed as a percentage of the peak 60 Hz nominal voltage (not the RMS value). The amplitude of the transient varies from 140% for 200 Hz ring waves to 200% for 5 KHz ring waves, with a linear increase in amplitude and increasing frequency.

• High-Frequency Impulse and Ring-wave This region describes the transients that typically occur as a result of lightning strikes. Wave shapes applicable to this transient and general test conditions are defined in ANSI/IEEE C62.41-1991. This region of the curve deals with both amplitude and duration (energy), rather than RMS amplitude. The intent is to provide an 80 Joule minimum transient immunity.

• Voltage Sags Two different RMS voltage sags are described. These transients result from the application of heavy loads, as well as fault conditions, at various points in the AC distribution system. Sags to 80% of nominal are assumed to have a typical duration of up to 10 seconds, and dips to 70% of nominal are assumed to have a duration of up to 0.5 seconds.

• Dropout A voltage dropout includes both severe RMS voltage sags and complete interruptions of the applied voltage, followed by immediate re-application of the nominal voltage. The interruption may last up to 20 milliseconds. This transient typically results from the occurrence and subsequent clearing of faults in the AC distribution system.

• No Damage Region Events in this region include sags and dropouts which are more severe than those specified in the preceding paragraphs, and continuously applied voltages which are less than the lower limit of the steady-state tolerance range. The normal functional state of the ITE is not typically expected during these conditions, but no damage to the ITE should result.

• Prohibited Region This region includes any surge or swells, which exceeds the upper limit of the envelope. If ITE is subjected to such conditions, damage may result

Now let us ask the same question again: how good is the conventional servo voltage stabiliser in protecting the new generation of electronic controls?

The answer is evident.

The servo voltage stabiliser is an electro-mechanical device, and hence any voltage fluctuation is stabilised in about 2-3 seconds since the speed of correction of a high capacity stabiliser is about 10 V per second (line to neutral) and 20 V per second is stabilisers up to 100 kva. By this time of approximately 2-3 seconds, the electronics may have suffered the damage; tolerance of digital electronics is 20 milliseconds, which is 1/50th of a second. (Reference: 1 second = 20 milliseconds) The non-electronic parts, excluding the drive, for example, of the machine would normally not be affected by this voltage fluctuation.

This leaves us with another question?

What type of voltage conditioner is to be used so that any voltage fluctuation may be corrected within 20 milliseconds (1/50th of a second)? The answer leads us to three devices: 1] Online UPS - uninterrupted power supply; 2] Online AVC System – active voltage conditioner; 3] resonance transformers.

We shall discuss the basic concepts and compare these three solutions in the subsequent issue of Print Bulletin so keep reading the article series.

If you have any queries, feel free to reach the writer via Whatsup on 9819 492 711, or call office mobile 9833 055 607, or write an email at [email protected] or [email protected].

Notes: Author Shridhar V. wants to acknowledge that the fundamentals of the ITIC curve are shared from an article in the

power quality world.

LEARNING CURVE

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PUN INTENDED

Vishful ThinkingIn this column, our industry veteran Vishwanath Shetty of The PrintWorks presents us his tongue-in-cheek view of the recent political news.

Technology apps to spy on people?

After the misuse by Cambridge Analytica of the user data shared by Facebook, we are faced with the dilemma of NaMo app. Congress-chief Rahul Gandhi (RaGa) is found to have met the Cambridge Analytica’s India team for help in the 2019 general election campaign. He is now attacking the NaMo app and scaring everybody that the Prime Minister Narendra Modi’s personal app will secretly steal all your data, soundtracks, and other details. According to RaGa, the app will even track the whereabouts of its users through GPS (global positioning system). The conflict is heating up, in India as well as globally over Cambridge Analytica and Facebook data share. All are now trying to reap the benefits of technology to influence their share of votes through social media. Are the politicians vishful of using such data to achieve their personal gain? We need to be wary of updating our information on social media.

Trust without trust

After winning the Rajya Sabha (RS) seats in Gorakhpur and Phulpur in Uttar Pradesh, the Samajwadi Party (SP) and the Bahujan Samaj Party (BSP) combine are now heading for a split for the assembly election in 2019. Under the usual circumstances, you would think they will tighten their grip and improve their united strength. Mayawati had made it very clear that BSP would continue their friendship with SP; however, they will fight the assembly elections on their own. I predicted that the SP-BSP alliance would not last long. Having tasted the victory in RS elections, people were under the impression that the combined force of SP and BSP will forge ahead, but the individual politicians are still vishful of holding to their share of power rather than multiplying it. Trust but no trust!

Feast before the fast

In the first week of April, the All India Anna Dravida Munnetra Kazhagam (AIADMK) in Tamil Nadu protested with a day-long fast against the allotment of Kaveri water. The fast was with a difference; they had a lunch break! That was the new concept invented by AIADMK. Thanks to all the mobile handsets, they were caught feasting in Chennai during the so-called lunch break on the day of the fast, and the clips went viral on the social media. What is even more entertaining was the videographed clips of Coimbatore, where drinks were served during the lunch break. Vishful indeed is this new breed of politicians (I cannot consider them sathyagrahis), who can not differentiate between fast for protest or feast for celebration.

The pioneer of fasting as a protest was Mahatma Gandhi; he had a system that made fasting honourable and dignified as a form of protest. The serenity and the sincerity of the noble way of fasting for a cause are

entirely lost in the modern days’ politics; including the recent protests against the atrocities against the Dalits in the country. Alternatively, is it the overdoing of ‘fast’ by people like Anna Hazare, that has taken away the dignity of the noble way of fasting? Please remember I am not casting any aspersions on the fasting done by Anna Hazare here, instead only pointing out the frequency of such events can take away the dignity of ‘fasting’ that Mahatma Gandhi followed.

On April 9, Congress in New Delhi decided to go on a hunger strike outside Rajghat to protect the rights of the Dalits and against the increasing caste-based violence across India. Another game for winning votes! They were even more innovative than the AIADMK-politicians; the fast commenced after a feast. Some prominent Congress politicians had specially organised a breakfast where they all enjoyed chhole bhature! All this was a part of the so-called fast for harmony or ‘sadbhavana upvas.’ What is wrong in eating before the fast asked the veteran Congress leaders. Times of India and other news dailies claimed it to be an attempt to pre-empt the fast announced by the ruling Bhartiya Janata Party on April 12, 2018. They are vishfully right as all that matters is the good feeling or sadbhavana after stuffing the tasty chhole bhature.They sincerely believe that a hungry man is an angry man.

Though the fast announced on April 12 by the PM Modi to protest against the logjam in the parliament for 23 days, went off quietly, the PM did not miss a single working-minute dispensing his duties in the office while fasting, unlike his other party leaders who protested in full public glory, and lost many working hours. The one-day BJP-fast attracted no jokes, except the opposition party Congress calling it a five star fast as a camp in Ahmedabad had arranged for aircoolers at the site for the protest. They were vishful that the coolers will cool the dispute and the dispute will end. Chill politicians!

Kamal Hasan at book launch by Archistat_CC4_0

The pioneer of fasting as a protest was Mahatma Gandhi; he had a system that made fasting honourable and dignified as a form of protest. Image: Wikimedia Commons, rights expired in India

Printed and published by MEDHA SHRINIVAS VIRKAR on behalf of MUMBAI MUDRAK SANGH, Printed at DHOTE OFFSET TECHNOKRAFTS PVT. LTD. 2ND FLOOR, PARAMOUNT ESTATE, PLOT NO.5 A, OFF VISHWESHWAR NAGAR ROAD, GOREGOAN (EAST), MUMBAI 400 063 and Published from MUMBAI MUDRAK SANGH, SPACE 1, 1ST FLOOR, DADISETH LANE, MUNICIPAL CHOWPATY MARKET, BABULNATH, MUMBAI 400 007. Editor : UDAY VASANT DHOTE

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Postal Regn. No. MCW/74/2018-2020 • Posted at Mumbai Patrika Channel Sorting Office on 23rd & 24th of Every MonthPublished on 23rd of Every Month

40/April 2018