MIRACLE PRINT PACK PRIVATE LIMITED

Miracle Print Pack Private Limited is initiating its presence in India's government tender ecosystem with participation in 1 tenders. This initial analysis examines their early tender participation, 100% technical qualification rate in FY2023-24, and emerging procurement strategy. Their current financial health score is 22.5, categorized as 'Critical' by TenderAI. Miracle Print Pack is primarily focusing on tenders from the Ministry of Petroleum and Natural Gas, specifically Indian Oil Corporation Limited. This report assesses Miracle Print Pack's potential in the competitive landscape, providing insights for government procurement officers and industry stakeholders.

Government Tender Participation Strategy

Miracle Print Pack is currently in the early exploration phase of government tender participation, having submitted bids for 1 tenders in FY2023-24. As they continue to develop their bidding strategy and capabilities, their performance metrics will provide increasing insight into their competitive positioning and sector specialization. This early-stage data serves as a baseline for measuring future procurement success. Their focus on the Ministry of Petroleum and Natural Gas indicates a strategic alignment with this sector's procurement needs.

Financial Performance in Government Tenders

Miracle Print Pack has bid on contracts with a total value of ₹11,47,89,800 in FY2023-24, successfully securing ₹0 in government contract value. This represents a 0.0% win rate, but a 100.0% qualification rate, of bid value to won contracts, demonstrating their effectiveness in targeting and securing valuable public sector projects. From April 2023 to March 2024, bid distribution shows a concentrated effort in tenders above ₹5.0 crore.

Specialized Government Procurement Focus

They have focused their tender participation on Indian Oil Corporation Limited under the Ministry of Petroleum and Natural Gas, building specialized knowledge in these departmental procurement processes. This targeted approach allows them to refine their bidding strategies and improve their chances of success in future tenders.

Strong Technical Qualification Rate: 100.0%

Miracle Print Pack demonstrates solid capability in meeting government tender requirements with a technical qualification rate of 100.0% in FY2023-24. Successfully qualifying for 1 out of 1 tenders indicates their strong compliance capabilities and understanding of public procurement specifications. This qualification performance establishes them as a technically competent bidder capable of meeting diverse government tender requirements.

Early-Stage Procurement Profile

As Miracle Print Pack continues to develop their presence in government tenders, this initial performance analysis provides valuable baseline metrics for tracking their trajectory. Their early engagement with public procurement demonstrates sector interest and potential, with technical qualification data offering insights into their compliance capabilities. This profile will gain additional value as they expand their tender participation and establish their competitive position in targeted government procurement categories.

Financial Performance Analysis

Miracle Print Pack's financial performance in government tenders is currently limited due to their recent entry into the market. The available data covers the period from FY2018-19 to FY2024-25, with significant activity observed only in FY2023-24. A comparative table is provided below to illustrate year-on-year performance.

Fiscal Year	Bid Count	Win Count	Qualification Rate	Win Rate	Total Contract Value
FY 2018-19	0	0	0.0%	0.0%	₹0
FY 2019-20	0	0	0.0%	0.0%	₹0
FY 2020-21	0	0	0.0%	0.0%	₹0
FY 2021-22	0	0	0.0%	0.0%	₹0
FY 2022-23	0	0	0.0%	0.0%	₹0
FY 2023-24	1	0	100.0%	0.0%	₹11,47,89,800
FY 2024-25	0	0	0.0%	0.0%	₹0

The bid distribution for the period of April 2023 to March 2024 shows that Miracle Print Pack focused on a single bid in the price range of ₹12.8 crore.

Product/Service Category Performance

Currently, there is insufficient data to perform a detailed analysis of product/service category performance. As Miracle Print Pack participates in more tenders across different categories, this analysis will provide valuable insights into their strengths and weaknesses in specific areas.

Geographical & Departmental Distribution

Miracle Print Pack's tender participation is primarily focused on the Ministry of Petroleum and Natural Gas, specifically through the Indian Oil Corporation Limited. Their efforts are concentrated in tenders related to this specific department. A more comprehensive geographical distribution analysis will be possible as they expand their bidding activities across different states and cities.

Competitive Analysis

Based on the data from Jan 2022 to Dec 2023, Miracle Print Pack faces competition from several players, including S. KUMAR MULTIPRODUCTS PRIVATE LIMITED, JUPITER TECHNOLOGIES PRIVATE LIMITED, SAI COM CODES FLEXOPRINT PRIVATE LIMITED, and SAI PAKS INDIA PRIVATE LIMITED. A head-to-head comparison reveals:

Competitor	Encounter Count	Win Rate Against Miracle Print Pack
S. KUMAR MULTIPRODUCTS PRIVATE LIMITED	1	0.0%
JUPITER TECHNOLOGIES PRIVATE LIMITED	1	100.0%
SAI COM CODES FLEXOPRINT PRIVATE LIMITED	1	0.0%
SAI PAKS INDIA PRIVATE LIMITED	1	0.0%

JUPITER TECHNOLOGIES PRIVATE LIMITED has a 100.0% win rate against Miracle Print Pack in the observed encounters. It's crucial to analyze the bidding strategies and strengths of these competitors to improve Miracle Print Pack's competitiveness.

SWOT Analysis of Miracle Print Pack Private Limited

Strengths:

• High technical qualification rate (100.0%) in FY2023-24

Weaknesses:

• Low win rate (0.0%) indicating competitive challenges
• Limited diversification in terms of departments and geographical presence
• Financial health score is 'Critical' at 22.5/100

Opportunities:

• Expand bidding activity with high-value departments beyond the current focus
• Explore growth potential in new ministries and sectors
• Optimize bid pricing strategy based on market analysis

Threats:

• Intense competition from established players like JUPITER TECHNOLOGIES PRIVATE LIMITED
• Economic fluctuations impacting government procurement budgets
• Changes in government policies and regulations affecting the printing and packaging industry

Strategic Recommendations

1. Improve Bid Strategy: Focus on tenders where Miracle Print Pack has a higher chance of success based on their capabilities and market analysis.
2. Enhance Competitive Positioning: Differentiate offerings through superior quality, innovation, and customer service to justify premium pricing.
3. Expand Market Reach: Target new departments and ministries to diversify revenue streams and reduce reliance on a single client.
4. Strengthen Financial Health: Improve win rate and contract value to boost financial stability and attract investors.

Future Growth Outlook

Based on the current trend and market dynamics, Miracle Print Pack has the potential for growth in the government tender sector. However, they need to address their weaknesses and capitalize on opportunities to achieve sustainable success. A focused approach, combined with strategic investments in technology and human resources, will be crucial for realizing their growth potential. The forecast period spans from FY2025-26 to FY2027-28, anticipating increased tender participation and improved win rates.