MIRA INFORM REPORT

 

 

Report Date :

31.07.2012

 

IDENTIFICATION DETAILS

 

Name :

CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA

 

 

Registered Office :

Chemin de Contigny 5, Case Postale 111, 1000 Lausanne 3 Cour

 

 

Country :

Switzerland

 

 

Date of Incorporation :

08.03.1999

 

 

Com. Reg. No.:

550.0.097.052-5 / 455275

 

 

Legal Form :

Company limited by shares

 

 

Line of Business :

trading in cotton from Africa, South America, Central Asia and China

 

 

No. of Employees :

20

 

 

RATING & COMMENTS

 

MIRA’s Rating :

B

 

RATING

STATUS

PROPOSED CREDIT LINE

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

Small

 

Status :

Moderate

Payment Behaviour :

Unknown

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 – March 31st, 2012

 

Country Name

Previous Rating

(31.12.2011)

Current Rating

(31.03.2012)

Switzerland

A1

A1

 

Risk Category

ECGC Classification

Insignificant

 

A1

Low

 

A2

Moderate

 

B1

High

 

B2

Very High

 

C1

Restricted

 

C2

Off-credit

 

D

 

 


Company name

 

CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA

 

 

Operating address

 

Chemin de Contigny 5

Case Postale 111

1000 Lausanne 3 Cour

Switzerland/CH

Telephone:                    021 6126565

Fax:                             021 6126566

Web site:                      http://www.cdi-cotton.com

E-mail:                         cdi@cdi-cotton.com

VAT-No.:                      CHE105071427

 

 

Profile

 

Established:                  1957

Line of Business:           Consumer goods wholesale

Industry Division:           Wholesale trade

Industry-code (NACE):     4676     Wholesale of other intermediate products

Import/Export:               Import, Export

Banks:                         CS Credit Suisse

 

 

Operational Figures

 

Coverage:                     Company

Figures:                        approximately

Employees:                  20

 

 

Activity

 

The business activities includes trading in cotton from Africa, South America, Central Asia and China.

 

 

Real Estate

 

Information on property ownership was not available.

 

Company Register

 

Company No:                550.0.097.052-5 / 455275

Legal form:                    Company limited by shares

Registration:                 08.03.1999

Legal status:                 active

Responsible Register:    Registre du commerce du canton de Vaud

History:                        Date of Statutes: 04.03.1999

                                    Date of Statutes: 31.03.1999

                                    Date of Statutes: 26.03.2009

                                    Date of Statutes: 02.07.2004

 

Entry            Deleted   Name

active                           CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA

active                           CDI-COTTON DISTRIBUTORS INC. (Name translated)

                    removed    CDI SA

 

Entry            Deleted   Legal domicile

active                           Lausanne, Switzerland

 

Entry            Deleted   Address

active                           Chemin de Contigny 5, 1007 Lausanne/VD, Switzerland/CH

 

Entry            Deleted   Capital

active                           Share Capital CHF 500'000, paidup CHF 500'000

 

Entry            Deleted   Capital Structure

active                           500 Registered shares with restricted transferability of CHF 1'000.--

 

Entry            Deleted   Activity (original Language)

active                           Commerce de coton brut et ses dérivés et de marchandises diverses.

 

Entry            Deleted   Remarks (original Language)

active                           Publishing authority: Feuille officielle suisse du commerce.

 

 

Official Administration

 

Title                                           Name

President                                    Yves Christophel, Origin: France, Residential address: Lausanne, Switzerland, joint signature of two

Executive Director                       Laurent Peyre, Origin: France, Residential address: Genolier, Switzerland, joint signature of two

 

 


Management

 

Title                                           Name

Deputy Director                           Adrian Salzmann, Origin: Eggiwil, Switzerland, Residential address: Pully, Switzerland, joint signature of two

 

 

External Positions

 

Title                                           Name

Auditor                                       KPMG SA, Residential address: Lausanne, Switzerland

 

 

Owner/-s

 

Owner:                            The company is privately owned.

 

 

Investments

 

It is believed that the company has no investments.

 

 

Legal Actions

 

Control date       Year                       No.             Amount CHF     Status

15.04.2010          2010                           0

15.04.2010          2009                           0

15.04.2010          2008                           0

15.04.2010          2007                           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 in order.

 

Payment experiences:   Financial obligations are met as appropriate.


 

FOREIGN EXCHANGE RATES

 

Currency

Unit

Indian Rupees

US Dollar

1

Rs.55.44

UK Pound

1

Rs.87.12

Euro

1

Rs.68.15

 

INFORMATION DETAILS

 

Report Prepared by :

MNL

 

RATING EXPLANATIONS

 

RATING

STATUS

 

 

PROPOSED CREDIT LINE

>86

Aaa

Possesses an extremely sound financial base with the strongest capability for timely payment of interest and principal sums

 

Unlimited

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

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

41-55

Ba

Overall operation is considered normal. Capable to meet normal commitments.

 

Satisfactory

26-40

B

Capability to overcome financial difficulties seems comparatively below average.

 

Small

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

<10

C

Absolute credit risk exists. Caution needed to be exercised

 

 

Credit not recommended

----

NB

New Business

----

 

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%)

PRIVATE & CONFIDENTIAL : This information is provided to you at your request, you having employed MIPL for such purpose. You will use the information as aid only in determining the propriety of giving credit and generally as an aid to your business and for no other purpose. You will hold the information in strict confidence, and shall not reveal it or make it known to the subject persons, firms or corporations or to any other. MIPL does not warrant the correctness of the information as you hold it free of any liability whatsoever. You will be liable to and indemnify MIPL for any loss, damage or expense, occasioned by your breach or non observance of any one, or more of these conditions

This report is issued at your request without any risk and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its officials.