MIRA INFORM REPORT

 

 

Report Date :

07.07.2011

 

IDENTIFICATION DETAILS

 

Name :

JAYANTI SA

 

 

Registered Office :

Rue Fritz-Courvoisier 40 2300 La Chaux-de-Fonds

 

 

Country :

Switzerland

 

 

Date of Incorporation :

28.02.2008

 

 

Com. Reg. No.:

645.4.102.354-3 / 901449

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesale of coffee, tea, cocoa and spices

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Maximum Credit Limit :

CHF 30'000

 

 

Status :

Moderate

 

 

Payment Behaviour :

No Complaints

 

 

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)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

Name and address

 

Jayanti SA

 

Operating address:

Rue Fritz-Courvoisier 40

2300 La Chaux-de-Fonds

Switzerland/CH

 

Mobile:                         079 8166309

 

Web site:                      http://www.jayanti.com

E-mail:                         info@jayanti.com

 

VAT-No.:                      CHE-114.107.780

 

 

Profile

 

Established:                  2008

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):   4637       Wholesale of coffee, tea, cocoa and spices

Import/Export:               Import, Export

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  1-9

 

 

Activity

 

The business activities includes trading in coffee, tea, cocoa, spices, etc.

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                645.4.102.354-3 / 901449

Legal form:                    Company limited by shares

Registration:                 28.02.2008

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Neuchâtel

Auditor:                        Orfigest SA (CH-645-1001449-7), Neuchâtel

History:                        Date of Statutes: 24.11.2008

                                    Date of Statutes: 12.09.2008

                                    Date of Incorporation Statutes: 26.02.2008

 

Entry          Deleted      Name

28.02.2008                    Jayanti SA

28.02.2008                    Jayanti AG (Name translated)

28.02.2008                    Jayanti Ltd (Name translated)

 

Entry          Deleted      Legal domicile

28.02.2008                    La Chaux-de-Fonds, Switzerland

 

Entry          Deleted      Address

28.02.2008                    Rue Fritz-Courvoisier 40, 2300 La Chaux-de-Fonds/NE, Switzerland/CH

 

Entry          Deleted      Capital

25.11.2008                    Share Capital CHF 3'000'000, paidup CHF 3'000'000

 

Entry          Deleted      Capital Structure

25.11.2008                    3'000'000 Registered shares of CHF 1.--

 

Entry          Deleted      Activity (original Language)

28.02.2008                    Commerce du thé, du café et des épices ainsi que de tout produit alimentaire ou autre ayant un lien direct ou indirect avec le but social.

 

Entry          Deleted      Remarks (original Language)

28.02.2008                    Legal form: Feuille officielle suisse du commerce.

28.02.2008                    Board of directors: Un ou plusieurs membres.

28.02.2008                    Reports: Convocations des actionnaires: FOSC ou lettre recommandée, téléfax, courrier électronique, si les actionnaires sont connus.

28.02.2008                    Audit: Selon déclaration du 26.02.2008, la société n'est pas soumise à un contrôle ordinaire et a renoncé à un contrôle restreint. 

 

 

Official Administration

 

Title                                           Name

President                                    Ashwin Kumar Jayantilal Shah, Origin: India, Address: Bangalore, India, single signature, Appointment: 25.02.2010

Executive Director                        Milan Aschwin Shah, Origin: India, Address: Bangalore, India, single signature, Appointment: 25.02.2010

Executive Director                        Charles Buhlmann, Origin: Rickenbach LU, Switzerland, Address: La Chaux-de-Fonds/NE, Switzerland, single signature, Appointment: 28.02.2008

 

Management

 

Title                                           Name

Director                                       Dhruv Bhupat Desai, Origin: India, Address: Coimbatore, India, single signature, Appointment: 25.02.2010

 

 

Executive board

 

Title                                           Name

Chief Executive Officer                 Charles Buhlmann

 

 

Ultimate Parent Company

 

Name:                          Jayanti Group

City/Country:                 Bangalore, India/IN

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Jayanti Group

City/Country:                 Bangalore, India/IN

Interest:                        100.00% voting right, 100.00% capital interest

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

04.02.2011          2011                           0

04.02.2011          2010                           0

04.02.2011          2009                           0

 

An updated legal action check is only available against proof of interest. e.g. a copy of an enquiry letter, and order or invoice relating to the subject company.

 

 

Credit Information

 

Financial Statements:    The company does not disclose any financial statements. Third parties are not permitted any insight into the financial affairs. It is therefore difficult to make a proper assessment of the actual situation.

 

Financial Situation:        The financial situation is in order.

 

Payment experiences:   Financial obligations are met as appropriate.

 

Maximum Credit:           CHF 30'000.--

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.44.42

UK Pound

1

Rs.70.95

Euro

1

Rs.63.63

 

 

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%)

 

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.