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MIRA
INFORM REPORT
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Report Date : |
10th
November, 2006 |
IDENTIFICATION
DETAILS
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Name : |
JAIN
(AMERICAS) INC. |
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Registered Office : |
1819
Walcutt Road, Suite 1 Columbus, Ohio 43228, United States |
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Country : |
United
States |
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Date of Incorporation : |
06.07.1998 |
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Legal Form : |
Corporation
- Private |
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Line of Business : |
The
Company engages in the marketing and distribution of PVC valves, pipes, and
sheets. |
RATING & COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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Status : |
Satisfactory
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Payment Behaviour : |
Unknown
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Litigation : |
Clear |
IDENTIFICATION & EXECUTIVE SUMMARY
Company
Name : JAIN (AMERICAS) INC.
Address : 1819 WALCUTT ROAD,
SUITE 1
City : COLUMBUS
State/Province : OHIO
Zip
Code : 43228
Country : UNITED STATES
Telephone : 614 850-9400
Facsimile : 614 850-8600
Legal
Form : Corporation -
Private
Website : www.jains.com
@rating
Opinion :
Business Activity : The Company engages in the
marketing and distribution of PVC valves, pipes,
and sheets.
It targets the market in the United States.
As
of :
Sales
/ Revenue :
Net
Income :
Total
Equity :
NOTE TO CLIENT
PERSON
CONTACTED:
Jenny,
Administrative Assistant.
--
Jenny
provided the information found in this report.
She could not provide financial information, a bank reference, of the
numbers of employees. Messages were
left for Mr. Murali Ramanathan, Vice President; however, a response has not
been received. If additional details
are received in the near future, they will be forwarded at that time.
LEGAL
Legal
Form :
Corporation - Private Since (D/M/Y): 06/07/1998
State/Province
of Incorporation : OHIO
Status : ACTIVE
Previous
Legal Form:
Company
is NOT required to publish an annual financial report.
Business
Name : JAIN (AMERICAS), INC.
Registration
Number : 1023077
Legal
Entity Type : Corporation For
Profit
Original
Filing Date : 6-Jul-1998
Current
Status : ACTIVE
Location : Columbus, OH
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Registered
Agent : Narinder K. Gupla
Agent's
Address : 2212 S. Hamilton Road
Columbus, OH 43232
Effective
Date : 06-Jul-1998
Contact
Status : Active
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NAME
HISTORY
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EX-CEL
MANUFACTURING, INC. (prior name)
Change
Date : 14-Nov-2005
Managers/Key Personnel
Mr.
Anil Jain Chief Executive Officer
Mr.
Murali Ramanathan Vice
President
AFFILIATED ENTITIES
Jain
Overseas Ltd., Mauritius
Jain
(Europe) Ltd.
Parent Companies
Parent
Company: JAIN IRRIGATION SYSTEMS LTD.
Jain
Plastic Park
Jalgaon,
Maharashtra
425001
INDIA
Telephone: 91 257 2258011
Subsidiaries
OH
UNITED
STATES
Chapin
Watermatics Inc.
NU
Cedar Mills Inc.
BANKS
HUNTINGTON
NATIONAL BANK
7
Easton Oval
Columbus,
OH
Telephone:
Facsimile:
Account
Number:
Account
Manager:
The
bank listed above is the primary bank of use for the Subject.
An
account reference or signed authorization could not be obtained at this time,
and as a result, detailed account information would not be released from the
Subject's financial institution.
PAYMENT HISTORY
A
payment record was not available for review at this time.
FINANCIAL INFORMATION
Financial
information could not be obtained from management at this time. Outside sources
report the annual sales in the US $14.5 - $15 million range; however, this
could not be confirmed with management.
CURRENT OPERATIONS
NAICS
Code: 4441 Building Material and Supplies Dealers
Business Activity
The
Company engages in the marketing and distribution of PVC valves, pipes, and
sheets. It targets the market in the
United States.
The
heading address is the Company headquarters and sole location and serves as an
administrative office, warehouse, and a distribution center. The property is
owned by the Company.
TRADE REFERENCES
References
could not be obtained at this time.
PUBLIC RECORD
A
search of public failed to reveal any Uniform Commercial Codes, tax liens,
legal actions, or bankruptcy petitions at this time.
GENERAL COMMENTS
Jain
(Americas) Inc., incorporated in 1998 in the state of Ohio, engages as a
distributor of PVC valves, pipes and sheets. A payment record was not available
for review at this time. A search failed to reveal any negative findings
against the firm. The Company is
considered established.
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial
base with the strongest capability for timely payment of interest and
principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No
caution needed for credit transaction. It has above average (strong)
capability for payment of interest and principal sums |
Large |
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56-70 |
A |
Financial & operational base are
regarded healthy. General unfavourable factors will not cause fatal effect.
Satisfactory capability for payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal.
Capable to meet normal commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors
carry similar weight in credit consideration. Capability to overcome
financial difficulties seems comparatively below average/normal. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of
interest and principal sums in default or expected to be in default upon
maturity |
Limited with full security |
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<10 |
C |
Absolute credit risk exists. Caution
needed to be exercised |
Credit not recommended |
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NR |
In view of the lack of information, we
have no basis upon which to recommend credit dealings |
No Rating |
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