MIRA INFORM REPORT

 

 

Report Date :

20.12.2014

 

IDENTIFICATION DETAILS

 

Name :

JACOBI CARBONS AG

 

 

Registered Office :

Rheinweg 5, 8200 Schaffhausen/SH

 

 

Country :

Switzerland

 

 

Financials (as on) :

31.03.2013

 

 

Date of Incorporation :

05.04.2007

 

 

Com. Reg. No.:

290.3.015.764-9 / 868761

 

 

Legal Form :

Company Limited By Shares

 

 

Line of Business :

Wholesale of Solid, Liquid and Gaseous Fuels and Related Products

 

 

No of Employees :

10

 

 

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 – September 30, 2014

 

Country Name

Previous Rating

(30.06.2014)

Current Rating

(30.09.2014)

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 began to recover in 2010. 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 below 2% per year during 2011-13. 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

Company name & address

 

JACOBI CARBONS AG

 

Operating address:

Rheinweg 5

8200 Schaffhausen/SH

Switzerland/CH

 

Telephone:                   052 6473000

Fax:                             052 6473009

 

Web site:                      http://www.jacobi.net

E-mail:                         infoch@jacobi.net

 

WIN Worldbox No.:       CH0007466879

VAT-No.:                      CHE113555578

 

 

Profile

 

Established:                 2007

Line of Business:          Consumer goods wholesale

Industry Division:          Wholesale trade

Industry-code (NACE):  4671       Wholesale of solid, liquid and gaseous fuels and related products

Import/Export:              Import, Export

Banks:                          unknown

 

 

Operational Figures

 

Coverage:                    Company

Figures:                        estimated

Financial year:              2014

Employees:                  10

Sales:                          CHF 10-20 Mio

 

 

Activity

 

The business includes the purchase, sale and trading of activated carbon for the Group. The company is responsible for the distribution of the products in South Europe and Africa/Middle East.

 

Jacobi is the largest global coconut shell activated carbon manufacturer with a comprehensive and diverse product portfolio. The company, which employs approximately 1,200 people globally, has manufacturing operations in China, France, Germany, India, Italy, Philippines, Sri Lanka, UK, US and Vietnam and reactivation plants in France and Germany. Jacobi’s activated carbon products are sold to its blue-chip customer base in over 100 countries.

 

 

Real Estate

 

Real Estate:                  The company does not appear to own any property.

 

 

Company Register

 

Company No:               290.3.015.764-9 / 868761

Legal form:                   Company limited by shares

Registration:                 05.04.2007

Legal status:                 active

Responsible Register:   Handelsregister des Kantons Schaffhausen

History:                        Date of Statutes: 03.07.2014

                                    Date of Statutes: 18.07.2013

                                    Date of Incorporation Statutes: 30.03.2007

 

Entry          Deleted      Name

03.07.2014                    Jacobi Carbons AG

19.07.2013  03.07.2014  Jacobi Carbons GmbH

05.04.2007  19.07.2013  Jacobi Carbons AG

 

Entry          Deleted      Legal domicile

05.04.2007                    Neuhausen am Rheinfall, Switzerland

 

Entry          Deleted      Address

09.07.2007                    Rheinweg 5, 8200 Schaffhausen, Switzerland/CH

05.04.2007  09.07.2007  Rundbuckstrasse 6, 8212 Neuhausen am Rheinfall/SH, Switzerland/CH

 

Entry          Deleted      Capital

03.07.2014                    Share Capital CHF 100,000, paidup CHF 100,000

19.07.2013  03.07.2014  LLC Capital CHF 100,000, paidup CHF 100,000

05.04.2007  19.07.2013  Share Capital CHF 100,000, paidup CHF 100,000

 

Entry          Deleted      Capital Structure

03.07.2014                    1,000 Registered shares of CHF 100.--

03.07.2014  19.07.2013  1,000 Participation shares of CHF 100.--

05.04.2007  19.07.2013  100 Registered shares of CHF 1,000.--

 

 

Official Administration

 

Title                                           Name

President                                    Andrew Eric Wilde

                                                  Citizen: United Kingdom

                                                  Residential address: Uster, Switzerland

                                                  single signature

                                                  Registered since: 29.07.2014

Director                                      Roland Brogle

                                                  Citizen: Neuhausen am Rheinfall, Switzerland

                                                  Residential address: 8200 Schaffhausen, Switzerland

                                                  joint signature of two

                                                  Registered since: 05.04.2007

Director                                      Arthur Peter (Peter) Oechslin

                                                  Citizen: Schaffhausen, Switzerland

                                                  Residential address: 8224 Löhningen, Switzerland

                                                  joint signature of two

                                                  Registered since: 05.04.2007

Director                                      Anders Lennart Marwan Skeini

                                                  Citizen: Sweden

                                                  Residential address: Philadelphia/PA, United States of America

                                                  single signature

                                                  Registered since: 05.04.2007

 

 

External Positions

 

Title                                           Name

Auditor                                       Ernst & Young AG

                                                  Residential address: Zürich, Switzerland

                                                  Id: CHE-491.907.686

                                                  Registered since: 22.12.2011

 

 

Ultimate Parent Company

 

Name:                          OSAKA GAS CO LTD

City/Country:                OSAKA, Japan/JP

 

 

Financial Data OSAKA GAS CO LTD

 

Consolidation:              consolidated

Industry:                       Trade/Industry

 

Fiscal year end:                                     31.03.2013        31.03.2012        31.03.2011        31.03.2010        31.03.2009

Number of months:                                      12                    12                    12                    12                    12

Currency:                                                mil. JPY           mil. JPY           mil. JPY           mil. JPY           mil. JPY

Remarks:                                               preliminary

 

Balance Sheet

Intangible fixed assets                                58,579.0           38,107.0           40,263.0           42,840.0           32,422.0

Tangible fixed assets                                829,936.0          793,283.0         800,394.0          826,830.0         822,305.0

Financial fixed assets                                164,303.0          136,839.0         136,180.0          147,185.0         133,554.0

other fixed assets                                       83,321.0          101,240.0           93,684.0           92,629.0         104,378.0

Fixed assets                                          1,136,139.0       1,069,469.0       1,070,521.0       1,109,484.0       1,092,659.0

 

Stocks                                                       84,243.0           60,740.0           49,400.0           64,083.0           83,984.0

Liquid assets                                              91,323.0          107,239.0           98,422.0           95,411.0           44,828.0

Current assets                                          430,760.0          406,290.0         366,776.0          374,411.0         359,798.0

 

Total assets                                           1,566,899.0       1,475,759.0       1,437,297.0       1,483,895.0       1,452,457.0

 

Total shareholders equity                        747,803.0          684,584.0         664,960.0          666,689.0         612,565.0

 

Minority interests                                        26,515.0           24,320.0           23,736.0           23,872.0           22,192.0

long term debt (financial debts)                 424,923.0          459,585.0         460,163.0          478,704.0         499,810.0

Provisions                                                  38,012.0           31,167.0           29,054.0           30,182.0           15,548.0

Other non current liabilities                          33,901.0           27,409.0           29,156.0           32,016.0           33,008.0

Non current liabilities                                 496,836.0          518,161.0         518,373.0          540,902.0         548,366.0

Current liabilities                                     295,745.0          248,694.0         230,228.0          252,432.0         269,334.0

 

Total liabilities                                      1,566,899.0       1,475,759.0       1,437,297.0       1,483,895.0       1,452,457.0

 

Profit and loss account

Net sales                                               1,380,060.0       1,294,781.0       1,187,142.0       1,096,628.0       1,326,785.0

 

Operating result                                         81,715.0           75,720.0           82,685.0           81,693.0           64,398.0

 

Result for the financial year                       52,467.0           45,207.0           45,968.0           48,384.0           36,041.0

 

 

Owner/-s

 

No. of Owner/-s:           1

Owner:                         The company is foreign owned.

 

Class:                          100%

Type:                           indirect, Group-Level 1

Name:                          OSAKA GAS CO LTD

City/Country:                OSAKA, Japan/JP

Interest:                        100,00% voting right, 100,00% capital interest (since 07.01.2014)

 

Class:                          100%

Type:                           direct, Group-Level 2

Name:                          Jacobi Carbons AB

City/Country:                Kalmar, Sweden/SE

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

12.02.2014          2014                           0

31.12.2013          2013                           0

31.12.2012          2012                           0

31.12.2010          2010                           0

31.12.2009          2009                           0

31.12.2008          2008                           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 good.

 

Payment experiences:   Payment habits are considered good.

 

 

FOREIGN EXCHANGE RATES

 

Currency
Unit

Indian Rupees

US Dollar

1

Rs.63.07

UK Pound

1

Rs.98.73

Euro

1

Rs.77.46

 

 

INFORMATION DETAILS

 

Analysis Done by :

DIV

 

 

Report Prepared by :

TPT

 

 

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.