MIRA
INFORM REPORT
|
Report Date : |
23.12.2008 |
IDENTIFICATION DETAILS
|
Name : |
JONSON TAPES LIMITED |
|
|
|
|
Registered Office : |
1809, |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
12.09.2007 |
|
|
|
|
Com. Reg. No.: |
55- 168059 |
|
|
|
|
CIN No.: [Company
Identification No.] |
U32204DL2007PLC168059 |
|
|
|
|
Legal Form : |
A Closely Held Public Limited Liability Company |
|
|
|
|
Line of Business : |
Manufacturer of Adhesives Tapes, Non- Adhesive Tapes and insulation
materials. |
RATING & COMMENTS
|
MIRA’s Rating : |
Ca |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 |
|
Status : |
New Company |
|
|
|
|
Payment Behaviour : |
No Complaints |
|
|
|
|
Litigation : |
Clear |
|
|
|
|
Comments : |
Subject is a new company in its field and in the process of
establishing itself. The company is yet to file its first financials with the
government departments. No complaints have been heard. The company can be considered for small to mediocre business dealing
within slight condition, initially. |
INFORMATION PARTED BY
|
Name : |
Mrs. Uma |
|
Designation : |
Account Department |
|
Date : |
20.12.2008 |
LOCATIONS
|
Registered Office : |
1809, |
|
Tel. No.: |
91- 11- 23867305/ 23874697/ 23865239/ 65357585 |
|
Mobile No.: |
91- 9810536929 |
|
E-Mail : |
|
|
Website : |
|
|
Area : |
500 sq ft |
|
Location : |
Owned |
|
|
|
|
Factory : |
674, Phase 3, Pritampura, Dist. Dhar, |
|
Location : |
Owned |
|
|
|
|
Sales Office : |
5- 1- 523/ 9 Ganji Complex, 1st Floor, |
|
Tel. No.: |
91- 40- 66206661 |
|
Mob No.: |
91- 9246116661 |
DIRECTORS
|
Name : |
Mr. Arun Jain |
|
Designation : |
Director |
|
Address : |
B- 4/7, Rana Pratap Bagh, |
|
Date of Birth/Age : |
15.11.1967 |
|
Qualification : |
B.Com |
|
|
|
|
Name : |
Mrs. Ritu Jain |
|
Designation : |
Director |
|
Address : |
B- 4/7, Rana Pratap Bagh, |
|
Date of Birth/Age : |
15.11.1970 |
|
Qualification : |
B.Com |
|
|
|
|
Name : |
Mr. Amit Jain |
|
Designation : |
Director |
|
Address : |
B- 4/7, Rana Pratap Bagh, |
|
Date of Birth/Age : |
13.08.1974 |
|
Qualification : |
B.Com |
KEY EXECUTIVES
|
Name : |
Mrs. Uma |
|
Designation : |
Account Department |
MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN
|
Names of Shareholders |
|
No. of Shares |
|
Mr. Arun Jain |
|
10000 |
|
Mrs. Ritu Jain |
|
5000 |
|
Mr. Atul Jain |
|
10000 |
|
Mrs. Nidhi Jain |
|
5000 |
|
Mr. Amit Jain |
|
10000 |
|
Mr. Vijay Kumar Jain |
|
5000 |
|
Mr. Ankur Jain |
|
5000 |
|
|
|
|
BUSINESS DETAILS
|
Line of Business : |
Manufacturing of Adhesives Tapes, Non- Adhesive Tapes and insulation
materials. |
|
|
|
|
Products : |
|
|
|
|
|
Terms : |
|
|
Selling : |
Cash and Credit (60 Days) |
|
|
|
|
Purchasing : |
Cash and Credit (30 Days) |
GENERAL INFORMATION
|
Customers : |
Wholesaler |
|
|
|
|
No. of Employees : |
39 |
|
|
|
|
Bankers : |
Kotak Mahindra Bank, Chandni Chowk Branch, |
|
|
|
|
Banking
Relations : |
-- |
|
|
|
|
Auditors : |
|
|
Name : |
Anil Kumar Sethi and Company Chartered Accountant |
|
Address : |
Located at |
CAPITAL STRUCTURE
Authorised Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- Each |
Rs.1.000 Million |
|
|
|
|
|
Issued, Subscribed & Paid-up Capital :
|
No. of Shares |
Type |
Value |
Amount |
|
100000 |
Equity Shares |
Rs. 10/- Each |
Rs.1.000 Million |
|
|
|
|
|
FINANCIAL DATA
[all figures are
in Rupees Millions]
|
Particulars |
|
|
31.03.2008 (Estimated) |
|
Sales Turnover |
|
|
50.000 |
Expected Sales (2008-09) : Rs.60.000 Millions
LOCAL AGENCY FURTHER INFORMATION
Trade Reference
- EI Dupont
Private Limited
- Samsung India
Electronics Private Limited
- ITI Limited –
Uttar Pradesh
|
Additional
Requirement of Indiamart for Trust-Seal |
|
|
|
|
|
VAT / TIN : 07090337352
(Cannot Verify Online Confirmed by the Managment) |
|
|
|
|
|
PAN / TAN : AABCJ9215E |
|
|
|
|
|
Bank Name : Kotak
Mahindra Bank |
|
|
Bank Address : Chandni
Chowk Branch, |
|
|
Bank A/c. No.: 01862000006984 |
|
|
Account Since : 2
Years |
|
CMT REPORT (Corruption, Money Laundering & Terrorism]
The Public Notice information has been collected from various sources including
but not limited to: The Courts,
1] INFORMATION ON
DESIGNATED PARTY
No exist designating subject or any of its beneficial owners,
controlling shareholders or senior officers as terrorist or terrorist organization
or whom notice had been received that all financial transactions involving
their assets have been blocked or convicted, found guilty or against whom a
judgement or order had been entered in a proceedings for violating
money-laundering, anti-corruption or bribery or international economic or
anti-terrorism sanction laws or whose assets were seized, blocked, frozen or
ordered forfeited for violation of money laundering or international
anti-terrorism laws.
2] Court Declaration :
No records exist to suggest that subject is
or was the subject of any formal or informal allegations, prosecutions or other
official proceeding for making any prohibited payments or other improper
payments to government officials for engaging in prohibited transactions or
with designated parties.
3] Asset Declaration :
No records exist to suggest that the property or assets of the subject
are derived from criminal conduct or a prohibited transaction.
4] Record on Financial
Crime :
Charges or conviction
registered against subject: None
5] Records on Violation of
Anti-Corruption Laws :
Charges or
investigation registered against subject: None
6] Records on Int’l
Anti-Money Laundering Laws/Standards :
Charges or
investigation registered against subject: None
7] Criminal Records
No
available information exist that suggest that subject or any of its principals
have been formally charged or convicted by a competent governmental authority
for any financial crime or under any formal investigation by a competent government
authority for any violation of anti-corruption laws or international anti-money
laundering laws or standard.
8] Affiliation with
Government :
No record
exists to suggest that any director or indirect owners, controlling
shareholders, director, officer or employee of the company is a government
official or a family member or close business associate of a Government
official.
9] Compensation Package :
Our market
survey revealed that the amount of compensation sought by the subject is fair
and reasonable and comparable to compensation paid to others for similar
services.
10] Press Report :
No press reports / filings exists on
the subject.
CORPORATE GOVERNANCE
MIRA INFORM as part of its Due Diligence do provide comments on
Corporate Governance to identify management and governance. These factors often
have been predictive and in some cases have created vulnerabilities to credit
deterioration.
Our Governance Assessment focuses principally on the interactions
between a company’s management, its Board of Directors, Shareholders and other
financial stakeholders.
CONTRAVENTION
Subject is not known to have contravened any existing local laws,
regulations or policies that prohibit, restrict or otherwise affect the terms
and conditions that could be included in the agreement with the subject.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.47.39 |
|
|
1 |
Rs.70.65 |
|
Euro |
1 |
Rs.66.33 |
SCORE & RATING EXPLANATIONS
|
SCORE FACTORS |
RANGE |
POINTS |
|
HISTORY |
1~10 |
2 |
|
PAID-UP CAPITAL |
1~10 |
2 |
|
OPERATING SCALE |
1~10 |
-- |
|
FINANCIAL CONDITION |
|
|
|
--BUSINESS SCALE |
1~10 |
2 |
|
--PROFITABILIRY |
1~10 |
-- |
|
--LIQUIDITY |
1~10 |
2 |
|
--LEVERAGE |
1~10 |
2 |
|
--RESERVES |
1~10 |
2 |
|
--CREDIT LINES |
1~10 |
2 |
|
--MARGINS |
-5~5 |
-- |
|
DEMERIT POINTS |
|
|
|
--BANK CHARGES |
YES/NO |
NO |
|
--LITIGATION |
YES/NO |
NO |
|
--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
|
MERIT POINTS |
|
|
|
--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
|
--EXPORT ACTIVITIES |
YES/NO |
NO |
|
--AFFILIATION |
YES/NO |
NO |
|
--LISTED |
YES/NO |
NO |
|
--OTHER MERIT FACTORS |
YES/NO |
YES |
|
TOTAL |
|
14 |
This score serves as a reference to assess SC’s credit risk and
to set the amount of credit to be extended. It is calculated from a composite
of weighted scores obtained from each of the major sections of this report. The
assessed factors and their relative weights (as indicated through %) are as
follows:
Financial
condition (40%) Ownership
background (20%) Payment
record (10%)
Credit history
(10%) Market trend
(10%) Operational
size (10%)
RATING EXPLANATIONS
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
|
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 |
|
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 |
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
|
26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
|
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 |
|
<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
|
NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
|