MIRA INFORM
REPORT
|
Report Date : |
12.07.2011 |
IDENTIFICATION DETAILS
|
Name : |
JDS INDUSTRIES, INC. |
|
|
|
|
Registered Office : |
1800 E, 57th St N Sioux Falls, SD 57104-7115 |
|
|
|
|
Country : |
United States |
|
|
|
|
Date of Incorporation : |
21.02.1991 |
|
|
|
|
Legal Form : |
Corporation for Profit |
|
|
|
|
Line of Business : |
Supplies component parts to the awards and engraving industries |
RATING & COMMENTS
|
MIRA’s Rating : |
Ba |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal commitments. |
Satisfactory |
|
Maximum Credit Limit : |
USD 500,000 |
|
Status : |
Satisfactory |
|
Payment
Behaviour : |
Regular |
|
Litigation : |
Clear |
NOTES :
Any query related to this report can be made
on e-mail : infodept@mirainform.com
while quoting report number, name and date.
ECGC Country Risk Classification List – March 31st, 2011
|
Country Name |
Previous Rating (31.12.2010) |
Current Rating (31.03.2011) |
|
United States |
a1 |
a1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
Off-credit |
D |
GEOPOLITICS - UNITED STATES
|
POLITICAL DATA |
ECONOMIC DATA |
|
Form of Government: Federal
|
Currency: USD |
IDENTIFICATION
|
Ordered as: |
JDS Industries Inc |
||
|
Address in the order: |
1800 E, 57th St N Sioux Fails, SD 57104-7115 |
||
|
|
|
||
|
Legal Name: |
JDS INDUSTRIES, INC. |
||
|
|
|
||
|
Legal Address |
1800 E, 57th St N Sioux Falls, SD 57104-7115, USA |
||
|
|
|
||
|
Telephone: |
(605) 339-4010 |
Corporate ID : |
030317 |
|
Fax: |
(605) 339-1467 |
Legal Form: |
Corporation for Profit |
|
Email: |
Registered in: |
South Dakota |
|
|
Website: |
Date Created: |
NA |
|
|
Manager: |
Scott C. Sletten President |
Date Incorporated: |
February 21,1991 |
|
Staff: |
50-99 |
Stock: |
NA |
|
|
|
Value: |
NA |
|
Activity: |
Supplies component parts to the awards and engraving industries |
||
BANKS
|
Name of the Bank |
US BANK NATIONAL |
BUSINESS
|
HISTORY |
||
|
|
JDS Industries Inc was created in 1992 in Sioux Falls, South Dakota.
This is a private company. |
|
|
PRINCIPAL ACTIVITY |
||
|
|
Its products are used to make trophies, cups, engraved gifts medals,
ribbons, plaques and glass awards, for trophies. |
|
|
Products/Services description: |
||
|
|
JDS industries provide figure frames. Resin figures. Acrylic display cases
and wooden bases. The company also carries various styles of acrylics. Glass
and bases for acrylic and glass awards. Its line of gift products includes
ceramic mugs. Certificates. Pens and cases, silver, brass doorknockers, gavel
sets, desk clocks and brass key rings. |
|
|
Operations area: |
||
|
|
National |
|
|
Trade References: |
||
|
|
Despite our long search we were not able to identify the company’s
trade references. |
|
|
The subject employs 50-99 employee(s) |
||
|
PAYMENTS |
||
|
REGULAR |
|
|
|
Comments on location: |
||
|
|
Single Location |
|
Shareholders - Manager - Related Companies
|
Shareholders Parent Company(ies): |
|
|
|
Despite our long searches we were unable to identify the company’s
shareholders. |
|
Management: |
|
|
|
Scoth C. Sletten President Darwin O. Sletten Vice President Ronna Sletten Secretary Scott C. Sletten Treasurer |
Financials - COMMERCIAL TRENDS AND FORECAST
|
As a private company the subject does not publish any financial
statements. |
|
However our financial sources could provide us with the following
data. Those figures are estimates provided by confidential banking and
financial institutions working with the company. |
|
Currency |
DATE |
|
USD |
2010 |
|
Turnover |
$50 to 100 million |
|
Legal Fillings |
|
There are 2 recent UCC** files listed with
the Secretary of State of South Dakota. Filing Number: 20100971570182 Filing Date: 04-07-2010 Secured Party: DARWIN O. SLETTEN Filing Number: 20090400810042 Filing Date: 02-09-2009 Secured Party: US BANK NATIONAL ASSOCIATION There are no legal filings listed with the
District Court. The last annual report was filed on 2010. THE COMPANY IS NOT LISTED ON THE OFAC
LIST.* For information: * The Specially Designated Nationals (SDN)
List is a publication of OFAC which lists individuals and organizations with
whom United States citizens and permanent residents are prohibited from doing
business. ** The Uniform Commercial Code (UCC) is
one of a number of uniform acts that have been promulgated in conjunction
with efforts to harmonize the law of sales and other commercial transactions
in all 50 states within the United States of America. The UCC deals primarily with transactions
involving personal property (movable property), not real property (immovable
property). It allows a creditor to notify other
creditors about a debtor’s assets used as collateral for a secured transaction
by filing a public notice (financing statement) with a particular filing
office. The Uniform Commercial Code Bureau files
and maintains on financial obligations (including IRS liens) incurred by
individuals (in business as a sole proprietor), business entities and
corporations. |
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. |
|
|
Final Opinion |
|
|
|
This is a medium company with other 18
years of operation, with a working staff of 50-99 employees. We did not find any specific adverse
record against the company during the investigation. Its income is correct for its size. A credit line may be considered for USD
500,000. A review within 10 months is advised to
confirm that the business remains on a safe trend. |
SUMMARY
|
|
|
||
|
Profitability |
CORRECT |
Public Records |
NO |
|
Indebtedness |
CONTROLLED |
Payments |
REGULAR |
|
Cash |
NORMAL |
|
|
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.44.37 |
|
UK Pound |
1 |
Rs.70.84 |
|
Euro |
1 |
Rs.62.96 |
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 |
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 |
|
---- |
NB |
New Business |
---- |
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%)
This report is issued at your request without any
risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL)
or its officials.