MIRA
INFORM REPORT
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Report Date : |
18.06.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOMAR CORP. |
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Registered Office : |
115 E Parkway, Pleasantville
NJ 08234 |
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Country : |
United States |
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Date of Incorporation : |
12.12.1968 |
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Legal Form : |
Company for Profit |
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Line of Business : |
Manufactures Industrial
Machinery |
RATING &
COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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Maximum Credit Limit : |
USD 80,000 |
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Status : |
Small Company |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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REQUIRED CREDIT |
ADVISED CREDIT |
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MAXIMUM |
80,000 USD |
GEOPOLITICS
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POLITICAL DATA |
ECONOMIC DATA |
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FORM OF GOVERNMENT ECONOMIC RISK |
Federal
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CURRENCY BRANCH SITUATION |
USD Satisfying |
IDENTIFICATION
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Company Name: |
JOMAR CORP. |
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Address: |
115 E Parkway
Drive Mailing Address: P O Box 1020 Pleasantville NJ
08234 Pleasantville , NJ
08232 USA |
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Phone: Facsimile: ID: State: Managers: |
+ 1 (609) 646-8000 + 1 (609) 645-9166 0100076143 New Jersey William A Petrino, President |
Date founded: |
Dec 12, 1968
Company for Profit N.A. 56 employees |
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Legal form: |
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Stock: |
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Staff: |
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Business: |
Manufactures Industrial Machinery |
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BANKS
Provident National Bank
BUSINESS
Operations & Business:
Jomar Corp. is a private company located in Pleasantville, New Jersey.
Jomar Corp's line of business is manufacturing miscellaneous industry
machinery. Joseph Johnson founded Jomar in 1968.
They delivered their first injection blow moulding machine in early
1969.The Jomar and Wheaton injection blow moulding machines are of similar
design concepts, except that the transfer head rotates in the opposite
direction.
In 1990, they opened their current 41,000 ft² (3,800 M²) facility in
Pleasantville, N.J. Jomar build between
40 to 50 injection blow and stretch blow moulding machines per year. Over 1,100
of their machines in the injection blow range have been installed and are
supported worldwide.
To date, they have installed over 150 extrusion blow moulding machines
in 22 countries both single and double station machines for a wide variety of
materials and applications.
SHAREHOLDERS – SUBSIDIARIES
– MANAGERS
The director of the company
is:
William A Petrino,
President.
The parent company is Rowan Technologies,
Inc.
Rowan
Technologies, Inc
10 Indel Ave, Rancocas,
NJ 08073,
United States
FINANCIALS – COMMERCIAL TRENDS
AND FORECAST
Jomar Corp. does not publish any financial
statement.
However
our financial sources could provide us with the following information:
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Fiscal Year In USD |
12/31/2007 |
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Turnover |
5,600,000 |
LEGALS
0 Suits
0 Judgments
0 Liens
0 Collection Claims
Reported
0 NSF Cheques Reported
1 UCC Filing in 2008 by
Delatherm Corporation securing Accounts.
Amount: NA
All previous UCC Filings
have been cleared.
RATING
Local credit bureau gave a correct credit rate.
The Company is in “good standing”.
This means that all local and federal taxes were paid on due date.
Payments are made on a
regular basis (monitored during the past 12 months).
The cash is correct.
Our final opinion:
This is a medium company
working in the worldwide.
A credit line may be
considered.
SUMMARY
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FINANCIAL SUMMARY |
DEBT COLLECTIONS AND PAYMENTS |
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PROFITABILITY INDEBTNESS CASH |
Correct Controlled Correct |
PUBLIC PAYMENTS |
See Details
Above Regular |
ADVISED
CREDIT
80,000 USD
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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71-85 |
Aa |
Possesses adequate working capital. No caution needed for credit transaction.
It has above average (strong) capability for payment of interest and
principal sums |
Large |
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56-70 |
A |
Financial & operational base are regarded healthy. General
unfavourable factors will not cause fatal effect. Satisfactory capability for
payment of interest and principal sums |
Fairly Large |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit consideration.
Capability to overcome financial difficulties seems comparatively below
average. |
Small |
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11-25 |
Ca |
Adverse factors are apparent. Repayment of interest and principal sums
in default or expected to be in default upon maturity |
Limited with
full security |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)