MIRA INFORM REPORT

 

 

Report Date :

13.06.2012

 

IDENTIFICATION DETAILS

 

Name :

KALULA AG

 

 

Registered Office :

c/o M & Q Granit AG, Staldenbachstrasse 30, 8808 Pfäffikon

 

 

Country :

Switzerland

 

 

Date of Incorporation :

07.04.2004

 

 

Com. Reg. No.:

130.3.009.586-4 / 743268

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

wholesale trade in processed and natural stone products in Switzerland and worldwide

 

 

No. of Employees :

05

 

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

 

Status :

Satisfactory

 

 

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, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


Company name

 

Kalula AG

 

 

Operating address

 

c/o M & Q Granit AG

Staldenbachstrasse 30

8808 Pfäffikon

Switzerland/CH

Telephone:                    055 4173300

Fax:                             055 4173301

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

VAT-No.:                      CHE110613009

 

 

Profile

 

Established:                  2004

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4673     Wholesale of wood, construction materials and sanitary equipment

Import/Export:               Import, export agency

Banks:                         unknown

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  5

 

 

Activity

 

The business activities are the wholesale trade in processed and natural stone products in Switzerland and worldwide.

 

 

Real Estate

 

Real Estate:                    The company owns no property.

 

Company Register

 

Company No:                130.3.009.586-4 / 743268

Legal form:                    Company limited by shares

Registration:                 07.04.2004

Legal status:                 active

Responsible Register:    Handelsregister des Kantons Schwyz

History:                        Date of Statutes: 03.03.2009

                                    Date of Statutes: 18.09.2008

                                    Date of Statutes: 14.08.2008

                                    Date of Statutes: 11.01.2006

                                    Date of Statutes: 21.03.2005

                                    Date of Incorporation Statutes: 25.03.2004

 

Entry            Deleted   Name

18.01.2006                    Kalula AG

07.04.2004    18.01.2006  Stone Connection Switzerland AG

 

Entry            Deleted   Legal domicile

07.04.2004                    Freienbach, Switzerland

 

Entry            Deleted   Address

07.04.2004                    c/o M & Q Granit AG, Staldenbachstrasse 30, 8808 Pfäffikon/SZ, Switzerland/CH

 

Entry            Deleted   Capital

06.03.2009                    Share Capital CHF 3'000'000, paidup CHF 3'000'000

19.09.2008    06.03.2009  Share Capital CHF 2'000'000, paidup CHF 2'000'000

 

Entry            Deleted   Capital Structure

06.03.2009                    3'000 Registered shares of CHF 1'000.--

19.09.2008    06.03.2009  2'000 Registered shares of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

07.04.2004                    Import und Export von sowie Handel mit bearbeiteten und rohen Steinprodukten in der Schweiz und weltweit; Unterstützung von Gesellschaften des Finstone-Konzerns, insbesondere den weltweiten Einkauf von Steinprodukten für die gesamte Gruppe; kann sich an anderen Unternehmungen beteiligen sowie Grundeigentum erwerben und veräussern.

 

Entry            Deleted   Remarks (original Language)

06.03.2009                    Capital: Ordentliche Kapitalerhöhung.

19.09.2008                    Capital: Ordentliche Kapitalerhöhung: Die Kapitalerhöhung erfolgt durch Verrechnung von Forderungen im Umfang von CHF 1'000'000.-, wofür 1'000 Namenaktien zu CHF 1'000.- ausgegeben werden.

07.04.2004                    Publishing authority: SHAB.

07.04.2004                    Shares: Die Übertragbarkeit der Namenaktien ist nach Massgabe der Statuten beschränkt.

07.04.2004                    Reports: Mitteilungen an die Aktionäre durch Brief

 

 

Official Administration

 

Title                                           Name

President                                    Lawson John Finlayson, Origin: United Kingdom, Address: Alpharetta, United States of America, joint signature of two

Executive Director                       Erik Fourie Els, Origin: South Africa, Address: Wilen/SZ, Switzerland, joint signature of two

Executive Director                       Louis Barend Blom, Origin: South Africa, Address: Wädenswil, Switzerland, joint signature of two

 

 

Management

 

Title                                           Name

Member with signing authority      Luzia Spiess, Origin: Tuggen, Switzerland, Address: 8856 Tuggen/SZ, Switzerland, joint signature of two, Registered since: 28.04.2009

 

 

External Positions

 

Title                                           Name

Auditor                                       HPM Revisionsgesellschaft AG, Address: Pfäffikon/SZ, Switzerland, Registered since: 12.01.2009

 

 

Ultimate Parent Company

 

Name:                          Stone Connection Inc

City/Country:                 Norcross, United States of America/US

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:                         The company is foreign owned.

 

Class:                          100%

Name:                          M + Q Granit AG

City/Country:                 Pfäffikon SZ, Switzerland/CH

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

15.06.2009          2009                           0

15.06.2009          2008                           0

15.06.2009          2007                           0

25.01.2008          2006                           0

25.01.2008          2005                           0

25.01.2008          2004                           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.


FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.56.05

UK Pound

1

Rs.86.69

Euro

1

Rs.69.98

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

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.