MIRA
INFORM REPORT
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Report Date : |
20.02.2008 |
IDENTIFICATION
DETAILS
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Name : |
ECOM
AGROINDUSTRIAL CORP. LIMITED |
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Registered Office : |
Case Postale 64, 1009
Pully/VD |
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Country : |
Switzerland |
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Date of Incorporation : |
30.09.1999 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Operations Commerciales |
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 100.000 |
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Status : |
Satisfactory |
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Payment Behaviour : |
Regular |
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Litigation : |
Clear |
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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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Regular |
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individual
credit limit*: |
EUR 100.000,-- |
Name
ECOM
Agroindustrial Corp. Limited
Line of Business
Operations commerciales
Legal domicile
Avenue
Guillemin 16
1009 Pully/VD
Business address
Case postale
64
1009 Pully/VD
Switzerland
Telephone: 022
7217210
Fax: 022
7217200
Homepage:
http://www.ecomtrading.com
E-Mail: info@ecomtrading.com
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: 30-09-1999
First
Publication: 13-10-1999
Last
Publication: 09-07-2007
Share capital: 208.503.750
Paid up: 208.503.750
Divided
into: 1.069.250 Special registered shares of 195
History: 23-11-2005 208.503.750 Capital increase
13-12-2000
201.045.000 Capital increase
195.000.000 Capital by incorporation
Shareholders: Shareholders are the family
Esteve.
Direct Parent
com.: Ecom Group, British Virgin Islands/VG with a
share of 100.
Company
Management: Ramon Esteve
Adriano
Canonica
ACTIVITY
Activity:
The company is
involved in the international trade with raw materials, raw cotton, coffee
beens and cocoa.
The ECOM Group
conducts its business activities on a worldwide scale and has offices,
companies and factories in various countries, especially in Mexico, Brazil, New
York, San Francisco, Singapore etc.
ECOM
Agroindustrial Corp. Ltd. also funcations as a holding company and has
investment holdings in various foreign companies.
EMPLOYEES
Number of
employees: 55
The group
employs approximately 1'800 staff.
PAYMENT AND FINANCIAL DATA
PAYMENT
EXPERIENCES:
Legal
actions: No legal actions,
distraints or loss certificates registered.
Report from
25-06-2002, in 1000 Lausanne.
A current
check of the legal actions requires a document of justification with a
legitimate signature.
There are no
complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial
position: The financial situation of
the company is considered strong.
Financial
Statements: The company does not disclose any financial statements.
The Group
turnover ranges between USD 1.5 and 2 billion.
Takeover
from: Ecom trading SA
1009
Pully/VD
Type: Take over as a result of merger
Registered
on: 03-08-2000
Contract
date: 13-07-2000
Balance Sheet
per: 31-12-1999
Assets: 121.640.464
Liabilities: 114.274.160
Takeover
from: Ecom Agroindustrial Corporation
Limited a Dublin (Irlande)
Type: Take over of assets and liabilities
Registered
on: 30-09-1999
Banker(-s)
Credit Suisse
(CS), 1000 Lausanne
Rabo Robeco Bank
(Suisse) SA, Geneve
ABN AMRO BANK,
Geneve
Credit
Agricole Indosuez (Suisse) SA, Geneve
BNP Paribas
(Suisse) SA, Geneve
Credit
Agricole Indusuez (Suisse) SA, Geneve
Auditors
PricewaterhouseCoopers
SA, Pully
Property
Location: Av. Guillemin 16, Pully
Object: Business premises
COMPANY AND PERSON RELATIONS
COMPANY
CONNECTIONS:
Direct Parent
com.: Ecom Group, British Virgin
Islands/VG with a share of 100.
Shareholder(s):
Ecom Group, British Virgin Islands/VG.
The ECOM
Group's main branch outlets are based in the USA, Brazil and
Singapore.
Direct
Investments:
Almacenadora
Del Caribe Limitada, Bogota,
Colombia/CO
(Majority shareholder).
BOARD OF DIRECTORS
Ramon M.
Esteve III sen., from Spain, in
Paudex/VD/Switzerland,
President,
collective signature.
Sonja
Berberat, from Lajoux, in Le
Mont-sur-Lausanne/VD/Switzerland,
Secretary,
collective signature.
Olten Ayres de
Abreu, from Turgi, in
Genolier/VD/Switzerland,
Member,
collective signature.
Adriano
Canonica, from Corticiasca, in
Samedan/GR/Switzerland,
Member,
collective signature.
Jorge Esteve
Recolons, from Mexico, in
Mexico/Mexico,
Member,
collective signature.
Jose Eduardo
Esteve Recolons, from Mexico, in
Mexico/Mexico,
Member,
collective signature.
Maria Esteve
Vila, from Spain, in
Paudex/VD/Switzerland,
Member,
collective signature.
MANAGEMENT
Andrew Halle,
from United Kingdom, in
Dallas/America,
Authorised signatory,
collective signature.
Eva
Goeb-Cribb, from Germany, in
Lausanne/VD/Switzerland,
Authorised
signatory, collective signing authority.
PERSONNEL INFORMATION
Ramon Esteve
III was born on 27 December 1954. He lives in 1094 Paudex,
chemin de
Bochat 9.
In earlier
years he was president of the former company "Ecom Trading
SA" in
Pully, which was dissolved in August 2000, following ther merger
with ECOM
Agroindustrial Corp. Ltd.
His financial
situation is recognized as solid.
He enjoys an
excellent reputation in personal and business affairs.
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%)