MIRA INFORM REPORT
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Report Date : |
11.04.2011 |
IDENTIFICATION DETAILS
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Name : |
SOCADEC SA |
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Registered Office : |
Rue Robert-de-Traz 1, 1206 Genève |
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Country : |
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Date of Incorporation : |
11.09.1991 |
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Com. Reg. No.: |
660.0.876.991-5 / 275429 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
International Trade in coffee, tea, cocoa and spices |
RATING & COMMENTS
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MIRA’s Rating : |
B |
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RATING |
STATUS |
PROPOSED CREDIT LINE |
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26-40 |
B |
Capability to overcome financial difficulties seems comparatively
below average. |
Small |
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Maximum Credit Limit : |
CHF 50'000 |
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Status : |
Moderate |
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Payment
Behaviour : |
Unknown |
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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, 2010
|
Country Name |
Previous Rating (30.09.2010) |
Current Rating (31.12.2010) |
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a1 |
a1 |
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Risk Category |
ECGC
Classification |
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Insignificant |
A1 |
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Low |
A2 |
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Moderate |
B1 |
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High |
B2 |
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Very High |
C1 |
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Restricted |
C2 |
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Off-credit |
D |
Company
name
Socadec SA
Operating
address
Rue Robert-de-Traz 1
1206 Genève
Switzerland/CH
Telephone: 022
7070665
Fax: 022
7070670
Web
site: http://www.socadec.com
E-mail: mail@socadec.ch
VAT-No.: CHE-107.360.351
Profile
Established: 1991
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
Employees: 10
Activity
The business activities are the international trade in coffee, tea,
cocoa and spices from
Real
Estate
Information on property ownership was not available.
Company
Register
Company
No: 660.0.876.991-5 / 275429
Legal
form: Company limited by
shares
Registration: 11.09.1991
Legal
status: active
Responsible
Register: Registre du commerce du canton
de Genève
Auditor: Wirth Treuhand AG,
Zürich
History: Date of Incorporation
Statutes: 04.09.1991
Date of
Statutes: 25.07.1996
Entry Deleted Name
active Socadec
SA
Entry Deleted Legal domicile
active
Entry Deleted Address
07.07.2010 Rue
Robert-de-Traz 1, 1206 Genève/GE, Switzerland/CH
07.07.2010 route de Malagnou 38, 1200 Genève/GE,
Switzerland/CH
Entry Deleted Capital
active Share
Capital CHF 2'760'000, paidup CHF 2'760'000
Entry Deleted Capital Structure
12.08.1996 5'520
Registered shares of CHF 500.--
Entry Deleted Activity (original Language)
active Commerce
international et représentation de produits manufacturés, marchandises et
matières premières, en particulier de café.
Entry Deleted Remarks (original Language)
active Publishing
authority: FOSC.
active Contribution
in kind/Asset takeover: L'ensemble des parts sociales de "Sozadechanges
S.p.r.l.", Kinshasa Zaïre, détenues par "Buresma S.p.r.l", pour
le prix maximum de CHF 600'000 et diverses créances détenues par
"Sodéchanges, Société de Développement des Echanges SA", à Genève,
pour le prix maximum de CHF 1'411'000.
active Board
of directors: 1 ou plusieurs membres.
12.08.1996 Reports:
Communication aux actionnaires: lettre recommandée.
Official
Administration
Title Name
President Timothy
Espir, Origin:
Executive
Director Claude
Lagrange, Origin:
Management
Title Name
General
Director Erich
Strickler, Origin:
Executive
board
Title Name
Chief
Executive Officer Claude
Lagrange
Owner/-s
No.
of Owner/-s: 1
Owner: The company is
privately owned.
Class: 100%
Name: Timothy Espir
City/Country: Conches, Switzerland/CH
Interest: 100.00% voting right,
100.00% capital interest
Investments
It is believed that the company has no investments.
Legal
Actions
Control date Year No. Amount CHF Status
06.03.2002 2002 0
06.03.2002 2001 0
06.03.2002 2000 0
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.
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 difficult to assess.
Payment
experiences: There are no objections
regarding the payment of financial obligations.
Maximum
Credit: CHF 50'000
FOREIGN EXCHANGE RATES
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Currency |
Unit
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Indian Rupees |
|
US Dollar |
1 |
Rs.44.04 |
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|
1 |
Rs.72.20 |
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Euro |
1 |
Rs.63.40 |
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 |
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 |
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.