MIRA INFORM REPORT
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Report Date : |
13.08.2008 |
IDENTIFICATION
DETAILS
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Name : |
CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA |
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Registered Office : |
Case Postale, 1002
Lausanne/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
18.03.1999 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Trading of raw cotton and its by-products and of goods. |
RATING &
COMMENTS
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MIRA’s Rating : |
Ba |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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Maximum Credit Limit : |
EUR 150.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
No Complaints |
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Litigation : |
Clear |
Name
CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA
Line of Business
Commerce de coton
Legal domicile
Chemin de Contigny 5
1007 Lausanne/VD
Business address
Case postale
1002 Lausanne/VD
Switzerland
Telephone: 021 6126565
Fax: 021 6126566
Homepage: www.cdi-cotton.com
E-Mail: cdi@cdi-cotton.com
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Overall
Assessment: |
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Business connections are
permissible. |
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Detail
Assessment: |
payments: |
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No complaints |
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Individual
Credit Limit*: |
EUR 150.000,-- |
This credit advice is based on information
available at the time of conducting the research, being the above indicated
date.
All amounts in this report are given in
Swiss Francs (CHF) unless otherwise stated.
GENERAL COMPANY DATA
OFFICIAL
DATA:
Legal form: Joint stock company
Registration: 08-03-1999
First Publication: 18-03-1999
Last Publication: 30-07-2008
History
Created in 1957 in Lausanne, CDI
originally was one of the international companies belonging to the MUSTAKI family.
It was operated by "Societe cotonniere de distribution SA", av.
Villamont 17 in Lausanne, registered with the trade registry on 20 February
1957, winded up on 31 March 1999.
Since the begining of 1999, the company was
took over by four of its managers (Management Buy Out). One of them retired
from his activities in 2004, the company now belongs to the three others: Mr.
Yves Christophel, Mr. Pierre-Alain Meylan and Mr. Laurent Peyre,who are active
directors.
Share capital: 500.000
Paid up: 500.000
Divided into: 500 Special registered shares of 1.000
Company Management: Yves Christophel
Pierre-Alain Meylan
Laurent Peyre
Registered name 29-04-1999 CDI-SOCIETE COTONNNIERE DE
DISTRIBUTION SA
08-03-1999 CDI SA
ACTIVITY
Activity:
It deals with the trading of raw cotton
and its by-products and of goods.
CDI commercializes nearly all the kinds of
cotton, most particularly from the following countries:
- West Africa (Burkina Faso, Côte
d'Ivoire, Benin, Togo, Mali, Senegal)
- Central Africa (Cameroon, Chad)
- East Africa (Zambia, Tanzania, Uganda, Mozambique,
Malawi, Zimbabwe)
- North Africa (Egypt, Sudan, Marocco)
- Latin America (Argentine, Brazil, Colombia, Paraguay, Peru)
- South Africa, Central Asia, USA and China.
Course of business: Compared to the previous year the course of
business remained stable.
EMPLOYEES
Number of employees: 21
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal actions: Information only available against proof of interest with a
valid signature.
There are no recorded complaints on the
business conduct of the company
and current liabilities are settled in an
orderly manner.
FINANCIAL DATA
Financial position: The financial affairs are considered good
and in order.
Key figures (in CHF 1.000.000):
31.12.2007
Estimates
Sales 160.0
The turnover passably fluctuates year
after year, depending on the price of
cotton.
Following its foundation, the company
acquired partial assets and
liabilities from the Societe cotonniere de
distribution SA in Lausanne
for the price of CHF 4,000,000.--.
Banker(-s)
UBS Ltd, 1000 Lausanne
Credit Suisse (CS), 1000 Lausanne
Auditors
KPMG SA, Lausanne
Premises
The premises at the above mentioned
address are rented.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Shareholder(s):
Laurent Peyre, Cessy.
Pierre-Alain Meylan, Troistorrents.
Yves Christophel, Lausanne.
BOARD OF DIRECTORS:
Pierre-Alain Meylan, from Moiry, in
Troistorrents/VS/Switzerland,
President, collective signature.
Yves Christophel, from France, in
Lausanne/VD/Switzerland,
Member, collective signature.
Laurent Peyre, from France, in
Cessy/France,
Member, collective signature.
MANAGEMENT:
Adrian Salzmann, from Eggiwil, in
Pully/VD/Switzerland,
Asst. Director, collective signature.
PERSONNEL INFORMATION:
Pierre-Alain Meylan is also sole
administrator of "Lakecot SA”, commercialization of cotton, in Lausanne.
Yves Christophel and Laurent Peyre do not
appear in the board of directors.
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.42.67 |
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UK Pound |
1 |
Rs.80.92 |
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Euro |
1 |
Rs.63.71 |
RATING
EXPLANATIONS
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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>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 |
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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 |
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41-55 |
Ba |
Overall operation is considered normal. Capable to meet normal
commitments. |
Satisfactory |
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26-40 |
B |
Unfavourable & favourable factors carry similar weight in credit
consideration. Capability to overcome financial difficulties seems
comparatively below average. |
Small |
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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 |
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<10 |
C |
Absolute credit risk exists. Caution needed to be exercised |
Credit not
recommended |
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NR |
In view of the lack of information, we have no basis upon which to
recommend credit dealings |
No Rating |
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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%)