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Report Date : |
05.02.2013 |
IDENTIFICATION DETAILS
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Name : |
JUMBO AIR CARGO 2000 SA |
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Registered Office : |
Freight West, Office 2-356 8058
Zürich-Flughafen/ZH |
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Country : |
Switzerland |
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Date of Incorporation : |
04.01.1989 |
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Com. Reg. No.: |
020.3.900.071-2 / 397101 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
Transport of passengers, Transport of goods, Transport services |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Status : |
Moderate |
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Payment Behaviour : |
Unknown |
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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2012) |
Current Rating (30.06.2012) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Switzerland - ECONOMIC OVERVIEW
Switzerland is a peaceful, prosperous, and modern market economy with low unemployment, a highly skilled labor force, and a per capita GDP among the highest in the world. Switzerland's economy benefits from a highly developed service sector, led by financial services, and a manufacturing industry that specializes in high-technology, knowledge-based production. Its economic and political stability, transparent legal system, exceptional infrastructure, efficient capital markets, and low corporate tax rates also make Switzerland one of the world's most competitive economies. The Swiss have brought their economic practices largely into conformity with the EU's, to enhance their international competitiveness, but some trade protectionism remains, particularly for its small agricultural sector. The fate of the Swiss economy is tightly linked to that of its neighbors in the euro zone, which purchases half of all Swiss exports. The global financial crisis of 2008 and resulting economic downturn in 2009 stalled export demand and put Switzerland in a recession. The Swiss National Bank (SNB) during this period effectively implemented a zero-interest rate policy to boost the economy as well as prevent appreciation of the franc, and Switzerland's economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently unfolding in neighboring euro-zone countries pose a significant risk to Switzerland's financial stability and are driving up demand for the Swiss franc by investors seeking a safehaven currency. The independent SNB has upheld its zero-interest rate policy and conducted major market interventions to prevent further appreciation of the Swiss franc, but parliamentarians have urged it to do more to weaken the currency. The franc's strength has made Swiss exports less competitive and weakened the country's growth outlook; GDP growth fell to 2.1% in 2011. Switzerland has also come under increasing pressure from individual neighboring countries, the EU, the US, and international institutions to reform its banking secrecy laws. Consequently, the government agreed to conform to OECD regulations on administrative assistance in tax matters, including tax evasion. The government has renegotiated its double taxation agreements with numerous countries, including the US, to incorporate the OECD standard, and in 2011 it reached deals with Germany and the UK to resolve outstanding issues, particularly the possibility of imposing taxes on bank deposits held by foreigners. These steps will have a lasting impact on Switzerland's long history of bank secrecy.
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Source : CIA |
JUMBO AIR CARGO 2000 SA
Freight West, Office 2-356
8058 Zürich-Flughafen/ZH
Switzerland/CH
Telephone: 044 8141080
Fax: 043 8163007
Web site: http://www.jac2000.ch
E-mail: spedi@jac2000.ch
WIN No.: CH0003116778
VAT-No.: CHE106401289
Established: 1989
Line of Business: Transport
of passengers, Transport of goods, Transport services
Industry Division: Services
Industry-code (NACE): 5110 Passenger air transport
5121 Freight air transport
5223 Service activities incidental to air
transportation
Import/Export: Export
Banks: UBS
Ltd
Coverage: Company
Employees: 4
The business activities includes the transportation of individuals and
goods by air, and other services for the aviation industry.
Information on property ownership was not available.
Company No: 020.3.900.071-2
/ 397101
Legal form: Company
limited by shares
Registration: 04.01.1989
Legal status: active
Responsible Register: Handelsregister
des Kantons Zürich
History: Date
of Statutes: 16.12.1988
Date
of Incorporation Statutes: 02.12.1988
Date
of Statutes: 18.10.2000
Date
of Statutes: 10.08.1998
Date
of Statutes: 27.03.1997
Entry Deleted Name
23.10.2000 Jumbo
Air Cargo 2000 SA
23.10.2000 Jumbo
Air Cargo 2000 Ltd (Name translated)
23.10.2000 Jumbo
Air Cargo 2000 AG (Name translated)
03.04.1997 Abakus
Cleaning Invention AG
03.04.1997 23.10.2000 Corres Finance Corp.
Entry Deleted Legal domicile
23.10.2000 Kloten,
Switzerland
Entry Deleted Address
23.10.2000 Flughafen
Kloten, Frachthof West, 8058 Zürich-Flughafen, Switzerland/CH
Entry Deleted Capital
23.10.2000 Share
Capital CHF 100'000, paidup CHF 100'000
Entry Deleted Capital Structure
11.08.1998 100
Bearer shares of CHF 1'000.--
Entry Deleted Activity (original Language)
23.10.2000 Durchführung
von Luft- und anderen Frachtgeschäften sowie Transporten aller Art; kann auch
Handelsgeschäfte aller Art ausführen, sich an anderen Unternehmungen beteiligen
sowie Grundstücke erwerben, verkaufen und belasten.
Entry Deleted Remarks (original Language)
active Publishing
authority: SHAB.
23.10.2000 Reports:
Mitteilungen an die Aktionäre erfolgen rechtsgültig durch Veröffentlichung im
SHAB.
Title Name
Director Bernhard
Korolnik, Origin: Stallikon, Switzerland, Residential address: 8000 Zürich,
Switzerland, single signature, Registered since: 15.11.2000
Title Name
Auditor OBT AG, Residential
address: Zürich, Switzerland, Registered since: 23.10.2000
Owner: The company is privately
owned.
It is believed that the company has no investments.
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.
Debt collection case:
AUG 2011: CHF 84.00, paid.
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 difficult to assess.
Payment experiences: There are no
objections regarding the payment of financial obligations.
FOREIGN EXCHANGE RATES
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Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.52.97 |
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|
1 |
Rs.83.17 |
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Euro |
1 |
Rs.72.20 |
INFORMATION DETAILS
|
Report Prepared
by : |
SDA |
RATING EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>86 |
Aaa |
Possesses an extremely sound financial base with the strongest
capability for timely payment of interest and principal sums |
Unlimited |
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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 |
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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 |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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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.