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Report Date : |
02.10.2012 |
IDENTIFICATION DETAILS
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Name : |
CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA |
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Registered Office : |
Chemin de Contigny 5, Case Postale 111, 1000 |
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Country : |
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Date of Incorporation : |
08.03.1999 |
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Com. Reg. No.: |
550.0.097.052-5 / 455275 |
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Legal Form : |
Company limited by shares |
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Line of Business : |
trading in cotton from Africa, South America, Central
Asia and |
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No. of Employees : |
20 |
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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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 – June 30th, 2012
|
Country Name |
Previous Rating (31.03.2011) |
Current Rating (30.06.2012) |
|
Switzerland |
A1 |
A1 |
|
Risk Category |
ECGC
Classification |
|
Insignificant |
A1 |
|
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 |
SWITZERLAND - ECONOMIC OVERVIEW
Switzerland is a peaceful,
prosperous, and modern market economy with low unemployment, a highly skilled
labor force, and a per capita GDP among the highest in the world. Switzerland's
economy benefits from a highly developed service sector, led by financial
services, and a manufacturing industry that specializes in high-technology,
knowledge-based production. Its economic and political stability, transparent
legal system, exceptional infrastructure, efficient capital markets, and low
corporate tax rates also make Switzerland one of the world's most competitive
economies. The Swiss have brought their economic practices largely into
conformity with the EU's, to enhance their international competitiveness, but
some trade protectionism remains, particularly for its small agricultural
sector. The fate of the Swiss economy is tightly linked to that of its
neighbors in the euro zone, which purchases half of all Swiss exports. The
global financial crisis of 2008 and resulting economic downturn in 2009 stalled
export demand and put Switzerland in a recession. The Swiss National Bank (SNB)
during this period effectively implemented a zero-interest rate policy to boost
the economy as well as prevent appreciation of the franc, and Switzerland's
economy recovered in 2010 with 2.7% growth. The sovereign debt crises currently
unfolding in neighboring euro-zone countries pose a significant risk to
Switzerland's financial stability and are driving up demand for the Swiss franc
by investors seeking a safehaven currency. The independent SNB has upheld its
zero-interest rate policy and conducted major market interventions to prevent
further appreciation of the Swiss franc, but parliamentarians have urged it to
do more to weaken the currency. The franc's strength has made Swiss exports
less competitive and weakened the country's growth outlook; GDP growth fell to
2.1% in 2011. Switzerland has also come under increasing pressure from
individual neighboring countries, the EU, the US, and international
institutions to reform its banking secrecy laws. Consequently, the government
agreed to conform to OECD regulations on administrative assistance in tax
matters, including tax evasion. The government has renegotiated its double
taxation agreements with numerous countries, including the US, to incorporate
the OECD standard, and in 2011 it reached deals with Germany and the UK to
resolve outstanding issues, particularly the possibility of imposing taxes on
bank deposits held by foreigners. These steps will have a lasting impact on
Switzerland's long history of bank secrecy.
Source : CIA
CDI-SOCIETE COTONNIERE DE DISTRIBUTION SA
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
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
Coverage: Company
Figures: approximately
Employees: 20
The business activities
includes trading in cotton from Africa, South America, Central Asia and China.
Information on property
ownership was not available.
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.
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
Title Name
Deputy Director Adrian
Salzmann, Origin: Eggiwil, Switzerland, Residential address: Pully,
Switzerland, joint signature of two
Title Name
Auditor KPMG
SA, Residential address: Lausanne, Switzerland
Owner: The company is
privately owned.
It is believed that the
company has no investments.
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.
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.52.78 |
|
UK Pound |
1 |
Rs.85.16 |
|
Euro |
1 |
Rs.67.78 |
INFORMATION DETAILS
|
Report Prepared
by : |
PRL |
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 |
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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 |
|
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%)
This report is issued at your request without any risk
and responsibility on the part of MIRA INFORM PRIVATE LIMITED (MIPL) or its
officials.