MIRA INFORM REPORT

Report Date :

24.09.2014

IDENTIFICATION DETAILS

Name :	SHAKTHI TRADING GMBH

Registered Office :	Bleichestrasse 6 4632 Trimbach/SO Switzerland/CH

Country :	Switzerland

Date of Incorporation :	08.06.2010

Com. Reg. No.:	217.3.531.566-1 / 764580

Legal Form :	Limited Liability Company

Line of Business :	Wholesale of other food, including fish, crustaceans and molluscs

No. of Employees :	04

RATING & COMMENTS

MIRA’s Rating :

RATING		STATUS	PROPOSED CREDIT LINE
26-40	B	Capability to overcome financial difficulties seems comparatively below average.	Small

Status :	Small Company
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.

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

Shakthi Trading GmbH

Operating address

Bleichestrasse 6

4632 Trimbach/SO

Switzerland/CH

Telephone: 062 2932054

Fax: 062 2932076

Web site: http://www.shakthi.ch

E-mail: shakthi@bluewin.ch

WIN Worldbox No.: CH0006406777

VAT-No.: CHE111796846

Profile

Established: 2004

Line of Business: Consumer goods wholesale

Industry Division: Wholesale trade

Industry-code (NACE): 4638 Wholesale of other food, including fish, crustaceans and molluscs

Import/Export: Import

Banks: unknown

Operational Figures

Coverage: Company

Figures: approximately

Employees: 4

Sales: CHF 1-2 Mio

Activity

The company manufacture, process, import and distribute quality food products and beverages of Indian, Sri Lankan, Pakistan, Thailand and South America origin. They trade mainly with Asian Food Items like: Appetisers, Snacks, Asian Specialties, Beans, Lentils, Pulses, Biscuits, Curry Pastes, Sauces, Desserts, Drinks, Beverages, Indian Spices (Ground & Whole) Indian Sweets, Kitchen & Tableware, Masalas & Curry, Mixes & Mukhwas, Oils & Ghee, Pickles & Chutneys, Ready to Eats, Rice, Flour & Grains, Tinned Foods etc.

Real Estate

Information on property ownership was not available.

Company Register

Company No: 217.3.531.566-1 / 764580

Legal form: Limited Liability Company

Registration: 08.06.2010

Legal status: active

Responsible Register: Handelsregister des Kantons Solothurn

History: Date of Incorporation Statutes: 11.12.2009

Entry Deleted Name

active Shakthi Trading GmbH

Entry Deleted Legal domicile

08.06.2010 Trimbach, Switzerland

08.06.2010 Bösingen, Switzerland

Entry Deleted Address

08.06.2010 Bleichestrasse 6, 4632 Trimbach/SO, Switzerland/CH

Entry Deleted Capital

active LLC Capital CHF 20,000

Entry Deleted Capital Structure

08.06.2010 10 Participation shares of CHF 1,000.--

Management

Title Name

General Manager Vipan Kumar Kaundal, Origin: India, Residential address: 3072 Ostermundigen, Switzerland, joint signature of two

Chairman of the management Gunaratnam Sutharsan, Origin: Sri Lanka, Residential address: Schalunen, Switzerland, joint signature of two

Owner/-s

No. of Owner/-s: 2

Owner: The company is privately owned.

Class: 50%

Type: direct

Name: Vipan Kumar Kaundal

City/Country: Ostermundigen, Switzerland/CH

Interest: 50,00% voting right, 50,00% capital interest

Class: 50%

Type: direct

Name: Gunaratnam Sutharsan

City/Country: Schalunen, Switzerland/CH

Interest: 50,00% voting right, 50,00% capital interest

Investments

It is believed that the company has no investments.

Legal Actions

Control date Year No. Amount CHF Status

04.06.2007 2007 0

31.12.2006 2006 0

31.12.2005 2005 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: There are no objections regarding the payment of financial obligations.

FOREIGN EXCHANGE RATES

Currency	Unit	Indian Rupees
US Dollar	1	Rs.60.87
UK Pound	1	Rs.99.63
Euro	1	Rs.78.22

INFORMATION DETAILS

Analysis Done by :	SUB

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%)

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