MIRA
INFORM REPORT
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Report Date : |
06.11.2008 |
IDENTIFICATION
DETAILS
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Name : |
COFFOR
SERVICES SA |
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Registered Office : |
Rue de Chantepoulet 21
1201 Geneve |
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Country : |
Switzerland |
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Date of Incorporation : |
22.04.2003 |
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Legal Form : |
Joint Stock Company |
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Line of Business : |
Services to the Coffor Group, which is active in the
Manufacture and Commercialization of a System of Structural Formwork. |
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 |
Name of the company
Coffor
Services SA
Line of Business
Coffrages
Legal domicile
Rue de
Chantepoulet 21
1201 Geneve/GE
Switzerland
Telephone: 022 7161616
Fax: 022 7161610
Homepage: wwww.coffor.com
E-Mail: info@coffor.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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regular |
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individual
credit limit*: |
EUR 100.000,-- |
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: 22-04-2003
First
Publication: 28-04-2003
Last
Publication: 28-04-2003
Share
capital: 100.000
Paid up: 100.000
Divided
into: 100 Registered shares of 1.000
Shareholders:
Direct Parent com.: POLYFINANCE
COFFOR HOLDING SA, 1700 Fribourg/FR.
Company Management: Pierre
Messiqua
Regis Messiqua
ACTIVITY
Activity:
Coffor
Services SA is active in the field of services to the Coffor group, which is
active in the manufacture and commercialization of a system of structural
formwork.
COFFOR is a structural formwork system for the
realisation of reinforced concrete works (interior and exterior walls of
residential, commercial or industrial buildings, beams, columns, flagstones,
flat or pitched roofs, foundations, noise walls, retaining walls, curved walls,
party walls, pools, pits, civil engineering works, etc.).
The COFFOR
system is patented and benefits from a technical advice from the CSTB (Centre
scientifique et technique du batiment).
The
"construction" sector is ensured by the Coffor Construction Company
LLP department.
EMPLOYEES
Number of
employees: 4
Depending on
the needs, it works with external consultants.
PAYMENT AND FINANCIAL DATA
PAYMENT EXPERIENCES:
Legal
actions: Information only
available against proof of interest with a valid signature.
There are no
complaints about the mode of payment and business conduct.
FINANCIAL DATA:
Financial
position: The financial affairs are
considered to be in order.
Financial
Statements: The company does not disclose any financial statements.
Banker(-s)
UBS Ltd, 1200
Geneve
Auditors
Multifiduciaire Fribourg SA, Fribourg
Premises
The premises
at the above mentioned address are rented.
Fiscal taxation
No information
is available due to the local tax authority regulation.
COMPANY AND PERSON RELATIONS
COMPANY CONNECTIONS:
Direct Parent
com.: POLYFINANCE COFFOR HOLDING SA,
1700 Fribourg/FR.
POLYFINANCE
COFFOR HOLDING SA in Fribourg regtered with the Trade
Register on 21
July 1981 and deals with a capital of CHF 1'000'000.--
fully
liberalized. Purposes:investment in companies.
Associated
companies: Coffor International, Madere, Madeira/PT
Coffor
International in Madeira is said to deal with a capital of 20
million euros.
BOARD OF DIRECTORS:
Pierre Messiqua, from
Rueyres, in
Mies/VD/Switzerland,
President, sole
signature.
Regis Messiqua, from
Rueyres, in Mies/VD/Turkey,
Secretary, sole
signature.
PERSONNEL INFORMATION:
Pierre Messiqua
wa born on 30 September 1940, originary from Ruyeres,
maried to
Christiane born Serinelli on / May +)*=, family father.
He lives at
1295 Mies, ch. des Champs Penys 1, where he owns a villa of
CHF
2'210'000.--.
He graduated
from a HEC in Paris/France and has a MBA from Stanford
University/USA.
After having
worked in multinationals in Europe and in the United
States, he
created the group Polyfinance in Switzerland in 1981, active
in the real
estate development, financial services, trade and
development of
new technologies. Since 1996, the Group has developped
the Coffor
technology. From a start-up with one patent created in 1996,
the group has
developped for the COFFOR technology a solid industrial
basis,
construction and R&D activities.
Regis Messiqua,
son of Pierre, was born on 22 December 1968, married to
Ayse born
Yalcine on 31 October 1964.
He lives in
1295 Mies, ch. de la Plage 2.
He graduated
from Pepperdine University/USA. Within the company, he is
responsible
for COFFOR licenses with potential partners and supervise
construction
contract realised by the construction department of the
group.
FURTHER MANDATES
Pierre
Messiqua:
- Automotive
Trade Finance SA, Fribourg
- POLYFINANCE
COFFOR HOLDING SA, Fribourg
Regis
Messiqua:
- POLYFINANCE COFFOR
HOLDING SA, Fribourg
FOREIGN EXCHANGE
RATES
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Currency |
Unit
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Indian Rupees |
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US Dollar |
1 |
Rs.47.67 |
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UK Pound |
1 |
Rs.75.47 |
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Euro |
1 |
Rs.61.19 |
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%)