MIRA INFORM REPORT

 

 

Report No. :

325159

Report Date :

06.06.2015

 

IDENTIFICATION DETAILS

 

Name :

INDANI GLOBAL GMBH

 

 

Registered Office :

Rue de Rive 28, 1260 Nyon, Switzerland/CH

 

 

Country :

Switzerland

 

 

Date of Incorporation :

10.11.2009

 

 

Com. Reg. No.:

290.4.016.607-8

 

 

Legal Form :

Limited Liability Company

 

 

Line of Business :

Trading in fertilizers, iron products (iron ore, iron ore pellets, coal, coke and steel) agricultural commodities (rice, wheat, maize, edible oil), non-ferrous metals and packaging materials.

 

 

No. of Employees :

5

 

 

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 :

Exist

 

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 – December 31, 2014

 

Country Name

Previous Rating

(30.09.2014)

Current Rating

(31.12.2014)

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 responded to 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 hurt Switzerland's long history of bank secrecy.

 

Source : CIA

 


Company name

 

INDANI GLOBAL GMBH

 

 

Operating address

 

Rue de Rive 28

1260 Nyon

Switzerland/CH

 

Telephone:        052 6431300

Fax:                  052 2037555

 

Web site:          http://indaniglobal.com

E-mail:              info@indaniglobal.com

 

WIN Worldbox No.:       CH0008426853

VAT-No.:                       CHE-115.194.681 MWST

UID-No.:                       CHE115194681

 

 

Profile

 

Established:      2009

Line of Business:          Financial services

Industry Division:          Services

Industry-code (NACE):   6612     Security and commodity contracts brokerage

Banks:  unknown

 

 

Operational Figures

 

Coverage:         Company

Figures:            estimated

Financial year:   2015

Employees:      5

Sales:   CHF 10-20 Mio

 

 

Activity

 

The business includes trading in fertilizers, iron products (iron ore, iron ore pellets, coal, coke and steel) agricultural commodities (rice, wheat, maize, edible oil), non-ferrous metals and packaging materials.

 

 

Real Estate

 

Information on property ownership was not available.

 

 

Company Register

 

Company No:    290.4.016.607-8

UID-No.:           CHE115194681

Legal form:       Limited Liability Company

Registration:     10.11.2009

Legal status:     active

Responsible Register:   Handelsregister des Kantons Schaffhausen

History: Date of Statutes: 22.10.2012

            Date of Statutes: 13.10.2011

            Date of Incorporation Statutes: 10.11.2009

 

Entry    Deleted Name

10.11.2009                    Indani Global GmbH

10.11.2009                    Indani Global Ltd liab. Co (Name translated)

 

Entry    Deleted Legal domicile

13.10.2011                    Neuhausen am Rheinfall, Switzerland

10.11.2009                    13.10.2011        Schaffhausen, Switzerland

 

Entry    Deleted Address

13.10.2011                    Rheinstrasse 54, 8212 Neuhausen am Rheinfall/SH, Switzerland/CH

26.03.2010                    13.10.2011        Bahnhofstrasse 4, 8200 Schaffhausen/SH, Switzerland/CH

10.11.2009                    26.03.2010        Bachstrasse 29, bei SwissBharat GmbH, 8200 Schaffhausen/SH, Switzerland/CH

 

Entry    Deleted Capital

22.10.2012                    LLC Capital CHF 1,000,000

10.11.2009        22.10.2012        LLC Capital CHF 50,000

 

Entry    Deleted Capital Structure

22.10.2012                    10,000 Participation shares of CHF 100.--

 

 

Management

 

Title      Name

General Manager           Rajeev Radhakrishna Indani

            Citizen: India

            Residential address: 8200 Schaffhausen, Switzerland

            Born: 1952

            single signature

            Registered since: 26.03.2010

 

 

Owner/-s

 

No. of Owner/-s:            1

Owner:  The company is privately owned.

 

Class:   100%

Type:    direct

Name:   Indani Kruti

City/Country:     Schaffhausen, Switzerland/CH

Interest:            100,00% voting right, 100,00% capital interest (since 10.11.2009)

 

 

Investments

 

It is believed that the company has no investments.

 

 

Financials

 

Balance sheet publication:        

The subject company does not publish balance sheet or turnover figures.

 

 

Legal Actions

 

Control date      Year     No.       Amount CHF     Status

17.09.2012        2012     2          1,345.-- Opposition filed

31.12.2011        2011     4          10,655.--           Paid legal actions

31.12.2010        2010     1          5,500.-- Opposition filed

Official bankruptcy reports:

No bankruptcy publications available on the subject.

 

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.

 

 

Sanctions List

 

The company is not listed in the WorldCompliance database.

 

 

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 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.63.90

UK Pound

1

Rs.71.82

Euro

1

Rs.97.97

 

 

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%)

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