MIRA
INFORM REPORT
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Report Date : |
6.09.2008 |
IDENTIFICATION
DETAILS
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Name : |
JOHNSON PLASTOSONIC PRIVATE LIMITED |
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Registered Office : |
S No.83-4/2, Near Vidyut Controls ,Nda Road, Industrial Area ,Shivne
,Pune – 411 023 , Maharashtra |
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Country : |
India |
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Date of Incorporation : |
12.06.2007 |
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CIN No.: [Company
Identification No.] |
U29299PN2007PTC130289 |
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Legal Form : |
Private Limited Liability Company |
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Line of Business : |
Manufacturer of Plastic Welding Machines, Plastic Joining Machines,
Tube Selling Machines, Fabric Sealers ,Hand Guns. |
RATING & COMMENTS
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MIRA’s Rating : |
C |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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Status : |
New Company |
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Payment Behaviour : |
Unknown |
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Litigation : |
Clear |
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Comments : |
Subject is a new company and yet to established its track. No Payment records are available. It would be advisable to deal with the company on fully safe and
secured trade terms and conditions. |
INFORMATION PARTED
BY
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Name : |
Mr.Amol Selgar |
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Designation : |
Accounts Assistant |
LOCATIONS
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Registered Office/Branch: |
S No.83-4/2, Vidyut Controls ,Nda Road, Industrial Area ,Shivne ,Pune
– 411 023 , Maharashtra , India |
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Tel. No.: |
91-20-67702860 / 20250084 |
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Mobile No.: |
91-9225572729 / 9270793225 |
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Fax No.: |
91-20-27111526 |
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E-Mail : |
indosonicsales@gmail.com
/ nationalindosonic@yahoo.com |
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Website : |
www.nationalinsonic.com |
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Area : |
5000 Sq.fts. |
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Location : |
Owned |
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Branches : |
Delhi – National Indosonic, A-14,Street No.1,Sanjay Nagar,Azadpur , Delhi – 110053 |
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Area : |
230 Sq.fts |
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Location : |
Owned |
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Branches : |
Chennai – National Indosonic 23/15, Marrieson ,5th Street, Alandur,Chennai – 16 |
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Area : |
250 Sq.fts |
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Location : |
Owned |
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Branches : |
D- 5/ 53, Nandan -1 Appartment, Opp. Bhavsavh Hostel, Ahmedabad |
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Area : |
180 Sq.fts. |
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Location : |
Owned |
DIRECTORS
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Name : |
Mr.Moholkar.Kishar Sambhaji |
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Designation : |
Director |
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Address : |
Flat No.4,FLY Wiew Res. SR.No.129 Highway Chowck Warje , Pune –
411052,Maharashtra ,India |
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Date of Birth : |
01.04.1970 |
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Qualification : |
Engg.Electronics |
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Tel No: |
91-20-25120084 |
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Fax No: |
91-20-25235011 |
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Name : |
Mr.Pandkar Sachin Sudhakar |
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Designation : |
Director |
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Address : |
263/B, Indrayaninagar, Sector 2,Bhosari,Pune – 411026,Maharashtra,
India |
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Date of Birth: |
25.02.1976 |
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Qualification : |
P.D.G |
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Tel No: |
91-20-25120084 |
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Fax No: |
91-20-25235011 |
MAJOR SHAREHOLDERS
/ SHAREHOLDING PATTERN
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Names of Shareholders |
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No. of Shares |
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Mr.Mohallkar Kishor |
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500 |
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Mr.Pandkar Sachin |
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500 |
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Total |
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1000 |
BUSINESS DETAILS
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Line of Business : |
Manufacturer of Plastic Welding Machines, Plastic Joining Machines,
Tube Selling Machines, Fabric Sealers ,Hand Guns. |
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Products : |
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Brand Names : |
‘National Indosonic’ |
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Imports : |
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Countries : |
Japan |
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Terms : |
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Selling : |
Cash / Credit (30 days) |
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Purchasing : |
Cash / Credit |
GENERAL
INFORMATION
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Customers : |
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No. of Employees : |
22 (in office) |
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Bankers : |
Deccan Ghymkhana |
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Banking
Relations : |
Unkown |
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Auditors : |
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Name : |
Chartered Accountants Pune |
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Associates/Subsidiaries : |
Nil |
CAPITAL STRUCTURE
Authorised Capital :
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 million |
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Paid Up Capital:
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No. of Shares |
Type |
Value |
Amount |
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1000 |
Equity Shares |
Rs.100/- each |
Rs.0.100 million |
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FINANCIAL DATA
[all figures are in Rupees Millions]
Note: No Financials are
available, as the Subject is a new Company
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Particulars |
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31.03.2008 |
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Sales Turnover |
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9.000 |
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Expected Sales (2008-09) : Rs.20.000 millions
LOCAL AGENCY
FURTHER INFORMATION
TRUSTSEAL ACCEPTANCE CHART
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Parameters |
Detail |
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Existence Verification |
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Name |
JOHNSON PLASTOSONIC PRIVATE LIMITED |
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Statutory Approvals |
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Legal Status of Firm |
Private Limited |
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Income Tax Registration |
AADFN7636G |
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VAT / TIN Registration |
27960035407 |
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Import Export Code |
3104003688 Date: 29.06.2004 |
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Name of Bank |
Dena Bank |
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Current account Number |
010611001371 |
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Account Since |
7 years |
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Creditability Factors |
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India Mart Client Since |
2 years |
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Trade Affiliations |
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SSI Registration |
111900400 Dt.:-24.06.1999 |
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Export Promotion Council |
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Standards and Certifications |
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Quality Management Systems (ISO) |
HEMPL/REGN/II/494 Issue Date- 18.08.2006 Exp Date- 17.08.2011 |
TRADE REFERENCES:
- Wipro
- Mahindra and Mahindra
- Tata Auto Plastic Systems
CMT REPORT (Corruption,
Money Laundering & Terrorism]
The Public Notice information has been collected from various sources
including but not limited to: The Courts, India Prisons Service,
Interpol, etc.
1] INFORMATION ON
DESIGNATED PARTY
No records 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
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.44.37 |
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UK Pound |
1 |
Rs.78.09 |
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Euro |
1 |
Rs.63.41 |
SCORE & RATING
EXPLANATIONS
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SCORE FACTORS |
RANGE |
POINTS |
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HISTORY |
1~10 |
2 |
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PAID-UP CAPITAL |
1~10 |
2 |
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OPERATING SCALE |
1~10 |
- |
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FINANCIAL CONDITION |
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--BUSINESS SCALE |
1~10 |
- |
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--PROFITABILIRY |
1~10 |
- |
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--LIQUIDITY |
1~10 |
2 |
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--LEVERAGE |
1~10 |
1 |
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--RESERVES |
1~10 |
- |
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--CREDIT LINES |
1~10 |
1 |
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--MARGINS |
-5~5 |
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DEMERIT POINTS |
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--BANK CHARGES |
YES/NO |
NO |
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--LITIGATION |
YES/NO |
NO |
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--OTHER ADVERSE INFORMATION |
YES/NO |
NO |
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MERIT POINTS |
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--SOLE DISTRIBUTORSHIP |
YES/NO |
NO |
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--EXPORT ACTIVITIES |
YES/NO |
NO |
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--AFFILIATION |
YES/NO |
NO |
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--LISTED |
YES/NO |
NO |
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--OTHER MERIT FACTORS |
YES/NO |
NO |
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TOTAL |
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8 |
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
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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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