MIRA INFORM REPORT

 

 

Report Date :

12.03.2011

 

IDENTIFICATION DETAILS

 

Name :

INDULOR AG

 

 

Registered Office :

Industriestrasse 49 6300 Zug

 

 

Country :

Switzerland

 

 

Date of Incorporation :

20.12.1994

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

Wholesaler of Consumer Goods

 

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 :

Small Concern

 

 

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 – December 31, 2010

 

Country Name

Previous Rating

(30.09.2010)

Current Rating

(31.12.2010)

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

 

Indulor AG

 

Operating address:

Industriestrasse 49

6300 Zug

Switzerland/CH

 

Telephone:                    041 7689988

Fax:                             041 7689989

 

Web site:                      http://www.indulor.de

E-mail:                         info@indulor.ch

 

 

Profile

 

Established:                  1994

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):   4675       Wholesale of chemical products

Import/Export:               Import

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Employees:                  4

 

 

Activity

 

The business activities includes the distribution of Solid Resins, Emulsions, Solution Polymers and Additives based on special polymers for the following fields of applications: Printing Inks & Overprint Varnishes, Wood Finishing, Architectural Coatings, Paper Finishing and Various Applications.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:                170.3.019.762-9 / 347149

Legal form:                    Company limited by shares

Registration:                 20.12.1994

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Zug

Auditor:                        BANDO TREUHAND AG (CH-280.3.005.107-8), Ettingen

History:                        Date of Incorporation Statutes: 19.12.1994

 

Entry          Deleted      Name

active                           Indulor AG

 

Entry          Deleted      Legal domicile

active                           Zug, Switzerland

 

Entry          Deleted      Address

21.09.2001                    Industriestrasse 49, 6300 Zug/ZG, Switzerland/CH

                  21.09.2001  c/o Online Treuhand AG, Grabenstrasse 8, 6300 Zug/ZG, Switzerland/CH

 

Entry          Deleted      Capital

active                           Share Capital CHF 250'000, paidup CHF 250'000

 

Entry          Deleted      Capital Structure

active                           200 Registered shares with restricted transferability of CHF 1'000.--

active                           500 Registered shares (voting shares) of CHF 100.--

 

Entry          Deleted      Activity (original Language)

active                           Vertrieb von und Handel mit chemischen Erzeugnissen; kann Grundeigentum erwerben, veräussern und verwalten

 

Entry          Deleted      Remarks (original Language)

active                           Publishing authority: SHAB.

 

 

Official Administration

 

Title                                           Name

Executive Director                        Urs Flury, Origin: Basel, Balsthal, Switzerland, Address: Basel, Switzerland, single signature

 

 

Management

 

Title                                           Name

General Manager                         Anna Ventrone, Origin: Italy, Address: Ballwil, Switzerland, single signature

Member with signing authority       Priska Feusi, Origin: Feusisberg, Switzerland, Address: 6300 Zug/ZG, Switzerland, joint signature of two

Executive board

 

Title                                           Name

Chief Executive Officer                 Anna Ventrone

 

 

Ultimate Parent Company

 

Name:                          Indulor Chemie Gesellschaft mit beschränkter Haftung

City/Country:                 Ankum, Germany/DE

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          Indulor Chemie Gesellschaft mit beschränkter Haftung

City/Country:                 Ankum, Germany/DE

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

22.05.2009          2009                           0

22.05.2009          2008                           0

22.05.2009          2007                           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 considered to be in order.

 

Payment experiences:   Financial obligations are met in an orderly manner.

 

Maximum Credit:           CHF 30'000.--

 

 

 


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.45.21

UK Pound

1

Rs.72.55

Euro

1

Rs.62.43

 

 

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.