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MIRA INFORM REPORT
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Report No. : |
504148 |
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Report Date : |
20.04.2018 |
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 : |
·
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. ·
Subject is an international agri-business Group engaged primarily in
export of value added Spice, Decaffeinated Tea and Natural Caffeine. |
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No. of Employees : |
4 |
RATING & COMMENTS
(Mira Inform has adopted New Rating mechanism w.e.f. 23rd
January 2017)
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MIRA’s Rating : |
B |
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Credit Rating |
Explanation |
Rating Comments |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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Status : |
Moderate |
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Payment Behaviour : |
Slow and delayed |
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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
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Country Name |
Previous
Rating (30.09.2017) |
Current Rating (31.12.2017) |
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Switzerland |
A1 |
A1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low Risk |
A2 |
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Moderately Low Risk |
B1 |
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Moderate Risk |
B2 |
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Moderately High Risk |
C1 |
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High Risk |
C2 |
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Very High Risk |
D |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland, a country that espouses neutrality, is a 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 gain access to the Union’s Single Market and enhance the
country’s international competitiveness. Some trade protectionism remains,
however, 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 Swiss exports. The global financial crisis of 2008 and
resulting economic downturn in 2009 stalled demand for Swiss exports and put
Switzerland into a recession. During this period, the Swiss National Bank (SNB)
implemented a zero-interest rate policy to boost the economy, as well as to
prevent appreciation of the franc, and Switzerland's economy began to recover
in 2010.
The sovereign debt crises unfolding in neighboring euro-zone countries,
however, coupled with economic instability in Russia and other eastern European
economies drove up demand for the Swiss franc by investors seeking a safe-haven
currency. In January 2015, the SNB abandoned the Swiss franc’s peg to the euro,
roiling global currency markets and making active SNB intervention a necessary
hallmark of present-day Swiss monetary policy. 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 from 2011 through 2017.
In recent years, Switzerland has responded to increasing pressure from
neighboring countries and trading partners to reform its banking secrecy laws,
by agreeing to conform to OECD regulations on administrative assistance in tax
matters, including tax evasion. The Swiss government has also renegotiated its
double taxation agreements with numerous countries, including the US, to
incorporate OECD standards.
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Source
: CIA |
Company name
JAYANTI SA
Operating address
Rue
Fritz-Courvoisier 40
2300 La Chaux-de-Fonds/NE
Switzerland/CH
Telephone: +41 798166309
Web site: http://www.jayanti.com
E-mail: info@jayanti.com
WIN No.: CH0007802633
VAT-No.: CHE-114.107.780 TVA
UID-No.: CHE114107780
Profile
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
Operational Figures
Coverage: Company
Figures: estimated
Financial
year: 2017
Employees: 4
Activity
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.
Operations and Branches:
At the
address, rue Fritz-Courvoisier 40, 2300 La Chaux-de-Fonds, Switzerland, we find
office of the company.
Real Estate
Real
Estate: The company does not appear
to own any property.
Company Register
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: 27.03.2015
Date of Statutes: 04.12.2014
Date of Statutes: 11.09.2014
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 Ltd (Name
translated)
28.02.2008 Jayanti AG (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,
paid up CHF 4,400,000
12.09.2014 05.12.2014 Share Capital CHF 3,750,000, paid up CHF 3,750,000
25.11.2008 12.09.2014 Share Capital CHF 3,000,000, paid up CHF 3,000,000
Entry Deleted Capital
Structure
05.12.2014 4,400,000 Registered shares
with restricted transferability of CHF 1.--
12.09.2014 05.12.2014 3,750,000 Registered shares with restricted transferability
of CHF 1.--
25.11.2008 12.09.2014 3,000,000 Registered shares with restricted transferability
of CHF 1.--
Official Administration
Title Name
President Shah, Ashwin Kumar Jayantilal
Citizen: India
Residential address: Bangalore,
India
single signature
Registered since: 25.02.2010
Director Buhlmann, Charles
Citizen: Rickenbach LU, Switzerland
Residential address: La
Chaux-de-Fonds/NE, Switzerland
single signature
Registered since: 28.02.2008
Director Shah, Milan Ashwin
Citizen: India
Residential address: Bangalore, India
single signature
Registered since: 25.02.2010
Management
Title Name
Director Bhupendra Desai, Bhavik
Citizen: India
Residential address: Neuchâtel,
Switzerland
single signature
Registered since: 05.05.2014
Director Polat, Onur
Citizen: Turkey
Residential address: Izmir, Turkey
single signature
Registered since: 08.04.2016
External Positions
Title Name
Auditor D & D Fiduciaire S.A.,
Residential address: Neuchâtel,
Switzerland
Id: CHE-103.460.025
Registered since: 06.03.2018
Executive board
Title Name
Chief
Executive Officer Buhlmann, Charles
Ultimate Parent Company
Name: GENERAL COMMODITIES PRIVATE LIMITED
City/Country: Bangalore/Karnataka, India/IN
Direct owner/-s
No. of
owner/-s: 1
Owner: The company is foreign owned.
Class: 100%, directly held
Name: INDIAN PRODUCTS PRIVATE LIMITED
City/Country: Bangalore/Karnataka, India/IN
Interest: 100,00% voting right, 100,00%
capital interest
Investments
It is
believed that the company has no investments.
Financial Data GENERAL COMMODITIES
PRIVATE LIMITED
Consolidation: consolidated
Industry: Trade/Industry
Fiscal year end: 31.03.2016
Number of months: 12
Currency: th.
INR
Balance Sheet
Intangible fixed assets 321,175.7
Tangible fixed assets 307,377.9
Financial fixed assets 45,867.0
other fixed assets 43,320.4
Fixed assets 717,741.0
Stocks 574,687.0
Trade accounts receivable 470,271.4
Cash & Cash Equivalents 13,953.5
Securities 0.0
other trade accounts 274,001.5
Other current assets 287,955.1
Current assets 1,332,913.4
Total assets 2,050,654.4
Capital 48,840.0
Other shareholders funds 536,795.0
Total shareholders equity 585,635.0
Minority interests 179,183.2
long term debt (financial debts) 125,681.7
Provisions 7,064.7
Other non current liabilities 1,272.5
Non current liabilities 134,018.9
short term debt (financial debts) 829,407.0
Trade accounts payable 297,091.9
Provisions 5,240.4
other accounts payable 20,077.9
other current liabilities 25,318.3
Current liabilities 1,151,817.2
Shareh. equity, min. int. & liabilities 2,050,654.4
Profit and loss account
Sales 3,567,017.5
Net sales 3,567,017.5
Other operating revenue 10,701.5
Operating revenue 3,577,719.0
Cost of goods sold 3,274,932.4
Gross profit 302,786.6
Other operating expenses 211,385.8
Operating result 91,400.8
Financial income 0.0
Financial expenses 46,411.0
Financial result -46,411.0
Result before extraordinary items 44,989.8
Extraordinary Result 0.0
Result before taxes 44,989.8
Taxes 6,065.4
Result before minority interests 38,924.4
minority interests 8,103.0
Result for the financial year 30,821.4
Cash flow
Depreciation 41,514.7
Notes
Material costs 3,332,937.9
Cost of employees 27,135.0
Net Current Assets 181,096.2
Financials
Balance
sheet publication:
The subject
company does not publish financial figures.
Legal Actions
Control
date Year No. Amount CHF Status
10.10.2016 2016 0 Legal actions
31.12.2015 2015 0 Legal actions
31.12.2014 2014 0 Legal actions
31.12.2013 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
No legal
actions determined.
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
We did not
find the company included on the various international sanctions lists, such as
the OFAC (Office of Foreign Assets Control), the BIS (Bureau of Industry and
Security), the European Union Restrictive measures (sanctions) list, the Export
Control Organisation (ECO) of the UK, the Australian Department of Foreign
Affairs and Trade.
Payment experiences
There are
irregularities on record.
Debt
collection case:
FEB 2014:
CHF 143.00, booked up.
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: Slow and delayed.
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
INR 65.78 |
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1 |
INR 93.42 |
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Euro |
1 |
INR 81.39 |
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CHF |
1 |
INR 67.85 |
Note :
Above are approximate rates obtained from sources believed to be correct
INFORMATION DETAILS
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Analysis Done by
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PRI |
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Report Prepared
by : |
TPT |
RATING EXPLANATIONS
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Credit Rating |
Explanation |
Rating Comments |
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A++ |
Minimum Risk |
Business dealings permissible with minimum
risk of default |
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A+ |
Low Risk |
Business dealings permissible with low
risk of default |
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A |
Acceptable Risk |
Business dealings permissible with
moderate risk of default |
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B |
Medium Risk |
Business dealings permissible on a regular
monitoring basis |
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C |
Medium High Risk |
Business dealings permissible preferably
on secured basis |
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D |
High Risk |
Business dealing not recommended or on
secured terms only |
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NB |
New Business |
No recommendation can be done due to
business in infancy stage |
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NT |
No Trace |
No recommendation can be done as the
business is not traceable |
NB is stated where there is insufficient information to facilitate rating. However, it is not to be considered as unfavourable.
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 are as follows:
·
Financial
condition covering various ratios
·
Company
background and operations size
·
Promoters
/ Management background
·
Payment
record
·
Litigation
against the subject
·
Industry
scenario / competitor analysis
·
Supplier
/ Customer / Banker review (wherever available)
This report is issued at
your request without any risk and responsibility on the part of MIRA INFORM
PRIVATE LIMITED (MIPL) or its officials.