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Report No. : |
311524 |
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Report Date : |
18.03.2015 |
IDENTIFICATION DETAILS
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Name : |
JAYANTI SA |
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Registered Office : |
Rue Fritz-Courvoisier 40, 2300 La Chaux-de-Fonds/NE Switzerland/CH |
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Country : |
Switzerland
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Date of Incorporation : |
28.02.2008 |
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Com. Reg. No.: |
645.4.102.354-3 |
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Legal Form : |
Company Limited By Shares |
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Line of Business : |
Subject is engaged primarily in export of value added Spice, Decaffeinated
Tea and Natural Caffeine. |
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No. of Employees : |
4 |
RATING & COMMENTS
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MIRA’s Rating : |
B |
|
RATING |
STATUS |
PROPOSED CREDIT LINE |
|
|
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 : |
No Complaints |
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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 – 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 |
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High |
B2 |
|
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 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 |
JAYANTI SA
Rue Fritz-Courvoisier 40
2300 La Chaux-de-Fonds/NE
Switzerland/CH
Mobile: 079 8166309
Web site: http://www.jayanti.com
E-mail: info@jayanti.com
WIN Worldbox No.: CH0007802633
VAT-No.: CHE-114.107.780
MWST
UID-No.: CHE114107780
Established: 2008
Line of Business: Consumer
goods wholesale
Industry Division: Wholesale
trade
Industry-code (NACE): 4637 Wholesale of coffee, tea, cocoa and spices
Import/Export: Import, Export
Banks: unknown
Coverage: Company
Figures: estimated
Financial year: 2015
Employees: 4
The Company is the Europe-centric marketing office of the Jayanti Group.
They specializes in sourcing hygienically processed spices from its own and
other modern plants in major origins and delivering to the door step of
European Industrial users.
Jayanti is an international agri-business Group engaged primarily in
export of value added Spice, Decaffeinated Tea and Natural Caffeine.
Real Estate: The company does not
appear to own any property.
Company No: 645.4.102.354-3
UID-No.: CHE114107780
Legal form: Company limited
by shares
Registration: 28.02.2008
Legal status: active
Responsible Register: Registre du
commerce du canton de Neuchâtel
History: Date of Statutes:
04.12.2014
Date of Statutes:
24.11.2008
Date of Statutes:
12.09.2008
Date of Incorporation
Statutes: 26.02.2008
Entry Deleted Name
28.02.2008 Jayanti
SA
28.02.2008 Jayanti
AG (Name translated)
28.02.2008 Jayanti
Ltd (Name translated)
Entry Deleted Legal domicile
28.02.2008 La
Chaux-de-Fonds, Switzerland
Entry Deleted Address
28.02.2008 Rue
Fritz-Courvoisier 40, 2300 La Chaux-de-Fonds/NE, Switzerland/CH
Entry Deleted Capital
05.12.2014 Share
Capital CHF 4,400,000, paidup CHF 4,400,000
12.09.2014 05.12.2014 Share Capital CHF 3,750,000
25.11.2008 12.09.2014 Share Capital CHF 3,000,000, paidup CHF
3,000,000
Entry Deleted Capital Structure
05.12.2014 4,400,000
Registered shares with restricted transferability of CHF 1.--
25.11.2008 05.12.2014 3,000,000 Registered shares of CHF 1.--
Title Name
President Ashwin Kumar
Jayantilal Shah
Citizen: India
Residential address:
Bangalore, India
single signature
Registered since:
25.02.2010
Director Charles
Buhlmann
Citizen: Rickenbach LU,
Switzerland
Residential address: La
Chaux-de-Fonds/NE, Switzerland
single signature
Registered since:
28.02.2008
Director Milan Ashwin
Shah
Citizen: India
Residential address:
Bangalore, India
single signature
Registered since:
25.02.2010
Title Name
Director Bhavik
Bhupendra Desai
Citizen: India
Residential address:
Neuchâtel, Switzerland
single signature
Registered since:
05.05.2014
Director Dhruv Bhupat
Desai
Citizen: India
Residential address:
Coimbatore, India
single signature
Registered since:
25.02.2010
Title Name
Auditor Orfigest SA
Residential address:
Neuchâtel, Switzerland
Id: CH-645-1001449-7
Title Name
Chief Executive Officer Charles
Buhlmann
Name: INDIAN PRODUCTS LIMITED
City/Country: BANGALORE/Karnataka,
India/IN
No. of Owner/-s: 1
Owner: The company is foreign
owned.
Class: 100%
Type: direct, Group-Level 1
Name: INDIAN PRODUCTS LIMITED
City/Country: BANGALORE/Karnataka,
India/IN
Interest: 100,00% voting
right, 100,00% capital interest
It is believed that the company has no investments.
Balance sheet publication:
The subject company does not publish balance sheet or turnover figures.
Control date Year No. Amount
CHF Status
04.12.2013 2013 0 Legal
actions
31.12.2012 2012 0 Legal
actions
31.12.2011 2011 0 Legal
actions
31.12.2010 2010 0 Legal
actions
31.12.2009 2009 0 Legal
actions
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.
The company is not listed in the WorldCompliance database.
Mode of payment / Business conduct:
There are no complaints about the mode of payment and the business
conduct.
Debt collection case:
FEB 2014: CHF 143.00, 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: Financial
obligations are met as appropriate.
FOREIGN EXCHANGE RATES
|
Currency |
Unit
|
Indian Rupees |
|
US Dollar |
1 |
Rs.62.69 |
|
|
1 |
Rs.92.99 |
|
Euro |
1 |
Rs.66.37 |
INFORMATION DETAILS
|
Analysis Done by
: |
SUB |
|
|
|
|
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 |
|
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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 |
|
|
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 |
|
|
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.