|
Report Date : |
08.11.2013 |
IDENTIFICATION DETAILS
|
Name : |
AZAD GMBH |
|
|
|
|
Registered Office : |
Laubibergstrasse 11 4410 Liestal/BL |
|
|
|
|
Country : |
|
|
|
|
|
Date of Incorporation : |
25.09.1996 |
|
|
|
|
Com. Reg. No.: |
280.4.900.275-1 / 384389 |
|
|
|
|
Legal Form : |
Limited Liability Company |
|
|
|
|
Line of Business : |
·
Wholesale of hides, skins and leather ·
Tanning and dressing of leather; dressing and dyeing
of fur |
|
|
|
|
No. of Employees : |
02 |
RATING & COMMENTS
|
MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
|
Status : |
Moderate |
|
Payment Behaviour : |
Unknown |
|
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, 2013
|
Country Name |
Previous Rating (31.12.2012) |
Current Rating (31.03.2013) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
Low |
A2 |
|
Moderate |
B1 |
|
High |
B2 |
|
Very High |
C1 |
|
Restricted |
C2 |
|
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
3.0% 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
safe-haven 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 1.9% in 2011 and 0.8%
in 2012. 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 is
considering 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
Source
: CIA
AZAD GMBH
Operating
address:
Laubibergstrasse
11
4410 Liestal/BL
Switzerland/CH
Telephone: 061
9211640
Fax: 061
9231837
Mobile: 079
3222551
Web
site: http://www.azadgmbh.com
E-mail: sales@azadgmbh.com
WIN
Worldbox No.: CH0003013875
VAT-No.: CHE108527062
Established: 1996
Line
of Business: Consumer goods
wholesale, Textiles/flooring
Industry
Division: Wholesale trade,
Manufacturing
Industry-code (NACE): 4624 Wholesale of hides, skins and leather
1511 Tanning and dressing of leather; dressing
and dyeing of fur
Import/Export: Export
Banks: unknown
Coverage: Company
Figures: approximately
Employees: 2
Sales: CHF 0-1 Mio
The Company produce pickled sheep skin, wet
blue sheep skin also crust sheep skin, and they are exporting them to Italy,
China, India and Pakistan so far. They also have a big warehouse in Solofra,
Italy.
Information on property ownership was not
available.
Company
No: 280.4.900.275-1 /
384389
Legal
form: Limited Liability
Company
Registration: 25.09.1996
Legal
status: active
Responsible
Register: Handelsregister des Kantons
Basel-Landschaft
History: Date of Statutes:
18.08.2010
Date of
Statutes: 25.07.1997
Date of
Incorporation Statutes: 20.09.1996
Entry Deleted Name
25.09.1996 AZAD
GmbH
Entry Deleted Legal domicile
30.08.2010 Liestal,
Switzerland
30.07.1997 30.08.2010 Münchenstein, Switzerland
25.09.1996 30.07.1997 Allschwil, Switzerland
Entry Deleted Address
30.08.2010 Laubibergstrasse
11, 4410 Liestal/BL, Switzerland/CH
30.07.1997 30.08.2010 Emil Frey-Strasse 1, Freilager Dreispitz, 4142
Münchenstein, Switzerland/CH
25.09.1996 30.07.1997 Sommergasse 3, 4123 Allschwil, Switzerland/CH
Entry Deleted Capital
23.08.2010 LLC
Capital CHF 70,000
25.09.1996 23.08.2010 LLC Capital CHF 20,000
Entry Deleted Capital Structure
23.08.2010 20
Participation shares of CHF 1,000.--
23.08.2010 50
Participation shares of CHF 1,000.--
25.09.1996 23.08.2010 1 Participation shares of CHF 40,000.--
25.09.1996 23.08.2010 1 Participation shares of CHF 16,000.--
Entry Deleted Activity (original Language)
25.09.1996 Handel
mit Leder, Dörrfrüchten, Därmen sowie anderen Fertig- und Halbfertigprodukten.
Die Gesellschaft kann sich an anderen Unternehmen beteiligen.
Entry Deleted Remarks (original Language)
23.08.2010 Capital: Ordentliche Kapitalerhöhung durch
Verrechnung im Umfang von CHF 50'000.--, wofür 50 Stammanteile zu CHF 1'000.--
ausgegeben werden.
23.08.2010 Reports:
Die Mitteilungen der Gesellschaft an die Gesellschafter erfolgen durch
gewöhnliche oder eingeschriebene Briefe.
21.07.2009 Audit:
Gemäss Erklärung der Geschäftsführung vom 30.06.2009 untersteht die
Gesellschaft keiner ordentlichen Revision und verzichtet auf eine
eingeschränkte Revision.
25.09.1996 Publishing
authority: SHAB.
Title Name
General
Manager Hamid
Zehtabchi, Origin: Emmen, Switzerland, Residential address: 4410 Liestal,
Switzerland, single signature, Registered since: 25.09.1996
Title Name
Chief
Executive Officer Hamid Zehtabchi
(h.zehtabchi@azadgmbh.com)
No.
of Owner/-s: 2
Owner: The company is in
family ownership.
Class: 50-100%
Type: direct
Name: Hamid Zehtabchi
City/Country: Liestal, Switzerland/CH
Capital
share: CHF 50,000.--
Interest: 71,43% voting right,
71,43% capital interest
Class: 20-29%
Type: direct
Name: Renata
Zehtabchi-Stocker
City/Country: Liestal, Switzerland/CH
Capital
share: CHF 20,000.--
Interest: 28,57% voting right,
28,57% capital interest
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.
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
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.57 |
|
|
1 |
Rs.100.63 |
|
Euro |
1 |
Rs.84.62 |
INFORMATION DETAILS
|
Report
Prepared by : |
NIS |
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.