MIRA INFORM REPORT

Report Date :

15.11.2011

IDENTIFICATION DETAILS

Name :	JONSON TAPES LIMITED
Registered Office :	1809, Bhagirath Palace, Chandni Chowk, New Delhi-110006
Country :	India
Financials (as on) :	31.03.2011
Date of Incorporation :	12.09.2007
Com. Reg. No.:	55- 168059
Capital Investment / Paid-up Capital :	Rs.0.500 Million
CIN No.: [Company Identification No.]	U32204DL2007PLC168059
Legal Form :	A Closely Held Public Limited Liability Company
Line of Business :	Manufacturer and Exporter of Adhesives Tapes, Non- Adhesive Tapes and Insulation Materials.
No. of Employees :	25 Approximately

RATING & COMMENTS

MIRA’s Rating :

B (26)

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Maximum Credit Limit :	USD 2600
Status :	Small Company
Payment Behaviour :	Slow
Litigation :	Clear
Comments :	Subject is a small company. Its scale of activities are limited. Trade relation are fair. Business is active. Payments are reported to be slow. The company can be considered for small business dealings with some caution.

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 – April 1, 2010

Country Name	Previous Rating (31.12.2009)	Current Rating (01.04.2010)
India	A1	A1

Risk Category	ECGC Classification
Insignificant	A1
Low	A2
Moderate	B1
High	B2
Very High	C1
Restricted	C2
Off-credit	D

INFORMATION PARTED BY

Name :	Mr. Arun Jain
Designation :	Director
Contact No.:	91-9810500929
Date :	08.11.2011

LOCATIONS

Registered Office :	1809, Bhagirath Palace, Chandni Chowk, New Delhi – 110006, India
Tel. No.:	91-11-23867305/ 23874697/ 23865239/ 65357585/45101896
Mobile No.:	91-9810500929 (Mr. Arun Jain)
E-Mail :	info@jonsontapes.com arun.jain@gmail.com cajaisethi@gmail.com
Website :	www.jonsontapes.com
Area :	500 sq ft
Location :	Owned
Factory :	674, Phase 3, Pritampura, Dist. Dhar, Indore, Madhya Pradesh, India
Location :	Owned
Sales Office 1:	5- 1- 523/ 9 Ganji Complex, 1^st Floor, Hill Street, Rani Ganji, Secunderabad, Hyderabad (Andhra Pradesh), India
Tel. No.:	91- 40- 66206661
Sales Office 2:	225, Vardhman Fortune Mall, G.T. Karnal Road, Industrial Area, New Delhi 110033, Delhi, India
Area:	500 sq.ft
Location:	Owned
Corporate Office:	D-6, First Floor, Rana Partap Bagh, G.T.K. Road, Near Indian Bank, New Delhi-110007, India
Tel No.:	91-11-45101896
Fax No.:	91-11-45101896
Area :	Owned

DIRECTORS

AS ON 30.09.2011

Name :	Mr. Arun Jain
Designation :	Director
Address :	B- 4/7, Rana Pratap Bagh, New Delhi – 110007, India
Date of Birth/Age :	15.11.1967
Date of Appointment:	12.09.2007
Qualification :	B.Com
DIN No.:	01331195

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999DL2003PTC123047	Century Distributors Private Limited	Director	12/11/2003	12/11/2003	21/12/2010	Active	NO
2	U32204DL2007PLC168059	Jonson Tapes Limited	Director	12/09/2007	12/09/2007	-	Active	NO
3	U51109BR2004PTC011073	Motani Impex Private Limited	Director	15/07/2008	15/07/2008	-	Active	YES

Name :	Mrs. Ritu Jain
Designation :	Director
Address :	B- 4/7, Rana Pratap Bagh, New Delhi – 110007, India
Date of Birth/Age :	15.11.1970
Date of Appointment:	12.09.2007
Qualification :	B.Com
DIN No.:	01709788

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U32204DL2007PLC168059	Jonson Tapes Limited	Director	12/09/2007	12/09/2007	-	Active	NO
2	U51109BR2004PTC011073	Motani Impex Private Limited	Director	15/07/2008	15/07/2008	-	Active	YES

Name :	Mr. Amit Jain
Designation :	Director
Address :	B- 4/7, Rana Pratap Bagh, New Delhi – 110007, India
Date of Birth/Age :	13.08.1974
Date of Appointment:	12.09.2007
Qualification :	B.Com
DIN No.:	01331207

OTHER DIRECTORSHIP

S.No.	CIN	Name of the Company	Current designation of the director	Date of appointment at current designation	Original date of appointment	Date of cessation	Company Status	Defaulting status
1	U74999DL2003PTC123047	Century Distributors Private Limited	Director	12/11/2003	12/11/2003	-	Active	NO
2	U32204DL2007PLC168059	Jonson Tapes Limited	Director	12/09/2007	12/09/2007	-	Active	NO

KEY EXECUTIVES

Name :	Mrs. Uma
Designation :	Accountant

MAJOR SHAREHOLDERS / SHAREHOLDING PATTERN

AS ON 30.09.2011

Names of Shareholders	No. of Shares
Arun Jain	10000
Ritu Jain	5000
Atul Jain	10000
Nidhi Jain	5000
Amit Jain	10000
Vijay Kumar Jain	5000
Ankur Jain	5000
Total	50000

AS ON 30.09.2011

Equity Share Breakup	Percentage of Holding
Category
Directors or relatives of directors	100.00
Total	100.00

BUSINESS DETAILS

Line of Business :	Manufacturer and Exporter of Adhesives Tapes, Non- Adhesive Tapes and insulation materials.
Products:	· Electrical Tapes · Reflective Tapes · Construction Tapes · Foam Tapes · Friction Tape · Barricade Tape · Adhesive Tapes · Packaging Tapes · Industrial Tapes · PVC Tape · Aluminium Tape
Exports :
Products :	Adhesive Tapes
Countries :	Sri Lank, Bangladesh, Middle East
Terms :
Selling :	Cash, Credit
Purchasing :	Cash, Credit

GENERAL INFORMATION

Customers :

Wholesalers and Retailers

No. of Employees :

25 Approximately

Bankers :

IDBI Bank, Branch Ashok Vihar, New Delhi, India

Facilities :

Unsecured Loan	As on 31.03.2011 (Rs. In Millions)	As on 31.03.2010 (Rs. In Millions)
Century Distributors Private Limited	14.575	8.035
Appurv jain	0.050	0.000
Ritu Jain	0.427	0.000
Total	15.052	8.035

Banking Relations :	--
Auditors :
Name :	Awadhesh Anurag Jai and Associates Chartered Accountant
Address:	A – 96, Shanker Garden, Vikas Puri, New Delhi 110018, India
Name :	Anil Sethi and Company Chartered Accountant
Address :	Shop No. 38, Ch. Dharamveer Market, Badarpur, New Delhi-110044, India
Associates/Subsidiaries :	Ozone, New Delhi, India

CAPITAL STRUCTURE

AS ON 30.09.2011

Authorised Capital :

No. of Shares	Type	Value	Amount
1500000	Equity Shares	Rs.10/- each	Rs.15.000 Millions

Issued, Subscribed & Paid-up Capital :

No. of Shares	Type	Value	Amount
50000	Equity Shares	Rs.10/- each	Rs.0.500 Million

FINANCIAL DATA

[all figures are in Rupees Millions]

ABRIDGED BALANCE SHEET

SOURCES OF FUNDS		31.03.2011	31.03.2010	31.03.2009
SHAREHOLDERS FUNDS
1] Share Capital		0.500	0.500	0.500
2] Share Application Money		0.000	0.000	0.000
3] Reserves & Surplus		0.150	0.106	0.044
4] (Accumulated Losses)		0.000	0.000	0.000
NETWORTH		0.650	0.606	0.544
LOAN FUNDS
1] Secured Loans		0.000	0.000	0.000
2] Unsecured Loans		15.052	8.035	0.000
TOTAL BORROWING		15.052	8.035	0.000
DEFERRED TAX LIABILITIES		0.046	0.009	0.003
TOTAL		15.748	8.650	0.547
APPLICATION OF FUNDS
FIXED ASSETS [Net Block]		3.372	0.121	0.078
Capital work-in-progress		0.000	0.000	0.000
INVESTMENT		0.000	0.000	0.000
DEFERREX TAX ASSETS		0.000	0.000	0.000
CURRENT ASSETS, LOANS & ADVANCES
	Inventories	6.951	4.741	1.155
	Sundry Debtors	3.102	2.347	2.886
	Cash & Bank Balances	0.189	0.034	0.569
	Other Current Assets	0.000	0.000	0.000
	Loans & Advances	6.479	2.283	0.015
Total Current Assets		16.721	9.405	4.625
Less : CURRENT LIABILITIES & PROVISIONS
	Sundry Creditors	3.268	0.503	3.911
	Other Current Liabilities	1.126	0.427	0.274
	Provisions	0.000	0.025	0.030
Total Current Liabilities		4.394	0.955	4.215
Net Current Assets		12.327	8.450	0.410
MISCELLANEOUS EXPENSES		0.049	0.079	0.059
TOTAL		15.748	8.650	0.547

PROFIT & LOSS ACCOUNT

	PARTICULARS		31.03.2011	31.03.2010	31.03.2009
	SALES
		Income	11.993	11.642	7.469
		Other Income
		TOTAL (A)	11.993	11.642	7.469
Less	EXPENSES
		Cost of Sales	9.971	10.060	6.624
		Administrative Expenses	1.490	1.416	0.737
		TOTAL (B)	11.461	11.476	7.361
Less	PROFIT BEFORE INTEREST, TAX, DEPRECIATION AND AMORTISATION (A-B) (C)		0.532	0.166	0.108
Less	FINANCIAL EXPENSES (D)		0.340	0.049	0.010
	PROFIT BEFORE TAX, DEPRECIATION AND AMORTISATION (C-D) (E)		0.192	0.117	0.098
Less/ Add	DEPRECIATION/ AMORTISATION (F)		0.092	0.024	0.009
	PROFIT BEFORE TAX (E-F) (G)		0.100	0.093	0.089
Less	TAX (H)		0.057	0.031	0.033
	PROFIT AFTER TAX (G-H) (I)		0.043	0.062	0.056
	Earnings Per Share (Rs.)		0.86	1.24	1.12

KEY RATIOS

PARTICULARS		31.03.2011	31.03.2010	31.03.2009
PAT / Total Income	(%)	0.35	0.53	0.75
Net Profit Margin (PBT/Sales)	(%)	0.83	0.80	NA
Return on Total Assets (PBT/Total Assets}	(%)	0.49	0.97	1.89
Return on Investment (ROI) (PBT/Networth)		0.15	0.15	0.16
Debt Equity Ratio (Total Liability/Networth)		29.98	14.83	7.75
Current Ratio (Current Asset/Current Liability)		3.80	9.85	1.10

LOCAL AGENCY FURTHER INFORMATION

FINANCIAL RESULTS:

During the financial year the company has earned a profit of Rs.0.043 million the director hope to be better business in coming financial year.

TRADE REFERENCES:

• Eta Engineering
• Exicom

FIXED ASSETS:

· Mobile Phone

· Machinery

· Computer

· Building

· Furniture

Check List by Info Agents	Available in Report (Yes / No)
1) Year of Establishment	Yes
2) Locality of the firm	Yes
3) Constitutions of the firm	Yes
4) Premises details	Yes
5) Type of Business	Yes
6) Line of Business	Yes
7) Promoter's background	--
8) No. of employees	Yes
9) Name of person contacted	Yes
10) Designation of contact person	Yes
11) Turnover of firm for last three years	Yes
12) Profitability for last three years	Yes
13) Reasons for variation <> 20%	--
14) Estimation for coming financial year	No
15) Capital in the business	Yes
16) Details of sister concerns	Yes
17) Major suppliers	No
18) Major customers	No
19) Payments terms	Yes
20) Export / Import details (if applicable)	Yes
21) Market information	--
22) Litigations that the firm / promoter involved in	--
23) Banking Details	Yes
24) Banking facility details	--
25) Conduct of the banking account	--
26) Buyer visit details	--
27) Financials, if provided	No
28) Incorporation details, if applicable	--
29) Last accounts filed at ROC	--
30) Major Shareholders, if available	--

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 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.50.08
UK Pound	1	Rs.80.36
Euro	1	Rs.68.83

SCORE & RATING EXPLANATIONS

SCORE FACTORS	RANGE	POINTS
HISTORY	1~10	4
PAID-UP CAPITAL	1~10	3
OPERATING SCALE	1~10	3
FINANCIAL CONDITION
--BUSINESS SCALE	1~10	3
--PROFITABILIRY	1~10	3
--LIQUIDITY	1~10	3
--LEVERAGE	1~10	3
--RESERVES	1~10	3
--CREDIT LINES	1~10	1
--MARGINS	-5~5	-
DEMERIT POINTS
--BANK CHARGES	YES/NO	YES
--LITIGATION	YES/NO	NO
--OTHER ADVERSE INFORMATION	YES/NO	NO
MERIT POINTS
--SOLE DISTRIBUTORSHIP	YES/NO	NO
--EXPORT ACTIVITIES	YES/NO	YES
--AFFILIATION	YES/NO	YES
--LISTED	YES/NO	NO
--OTHER MERIT FACTORS	YES/NO	YES
TOTAL		26

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	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	-

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.